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Kaiser Steel of Colorado Springs, Colo., announced Friday that a slate of challengers headed by preferred stockholder Bruce E. Hendry of Minneapolis appeared to win election to the company’s board of directors. But the company said it plans to seek a court ruling on the election results.
The company said that it disputes the way that some preferred shares were voted and that a fair and equitable count of all the proxies “would show that the independent nominees supported by Kaiser Steel” would have prevailed.
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