The following information was described in a note of Cruton Packing Co , a public company that follows IFRS During August, Bigelow Products Corporation purchased 212,450 shares of the Company 's common shares, which constitutes approximately 35 of the shares outstanding Bigelow has since obtained r...

The following information was described in a note of Cruton Packing Co., a public company that follows

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The following information was described in a note of Cruton Packing Co., a public company that follows IFRS: "During August, Bigelow Products purchased 212,450 shares of the Company's common shares, which constitutes approximately 35% of the shares outstanding. Bigelow has since obtained representation on the Board of Directors. An affiliate of Bigelow Products acts as a food for Cruton Packing in the Toronto marketing area. The commissions for such services after August amounted to approximately $33,000." Why is this information disclosed?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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Question Posted: Aug 23, 2015 09:14 AM

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The following information was described in a note of Cruton Packing Co., a public company that follows

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