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12|11|2009 02:35 am EDT

Dark Blue Sea Directors Resign As Photon Group Takes Majority Ownership

by Adam Strong in Categories: Acquisitions

Dark Blue SeDark Blue Seaa [DBS:AX] and Photon Group [PGA:AX] announced today that several DBS board members have resigned.  The director resignations come from Richard Moore, former CEO and most recently Executive Director, Vernon Wills, Chairman of the Board and Joseph Ganim, Director.  Duncan Cornish has also resigned as DBS Secretary.

Photon Group now holds 80.2% interest in shares of  DBS following recent acceptances of the takeover offers. DBS directors had issued a statement confirming their willingness to accept the offer and recommending shareholder acceptance on November 29th.  The takeover offer closes on December 14th.

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6 Comments

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Acro

December 11, 2009 @ 2:40 am EDT

Uh-oh. Is the Grinch taking over Christmas???

Andrew

December 11, 2009 @ 3:13 am EDT

Maybe I missed it, but I don’t see DBS on Photon Group’s website. They have some impressive properties and investments, but I did not see anything related to DBS which I might have expected with their previous ownership interests in the company.

[…] Dark Blue Sea Directors Resign As Photon Group Takes Majority Ownership | Domain Name News __________________ […]

Patricia Kaehler

December 13, 2009 @ 2:32 am EDT

Andrew — check back after the 14th..
Smile…
~Patricia Kaehler – DomainBELL

Mike Dew

December 14, 2009 @ 6:14 pm EDT

Adam,

I am a little late reading this, but thanks. It is nice to be able to keep up with what is happening with the large players.

Mike Dew – HeadlineDomains.com

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