Land deal, New Mexico style

Paskus, Laura
June 2006
High Country News;6/26/2006, Vol. 38 Issue 12, p5
The article focuses on the decision of the board of directors of Westland Corp. to dissolve the company and sell the shares of Atrisco Land Grants in Albuquerque, New Mexico. Under the Atrisco Land Grants, heirs of the Spanish settlers become shareholders of Westland. The decision of the board was criticized by shareholders who had been accusing the board that they receive cutbacks from buyers and even participated in insider trading. They also added that board members will benefit most in the sale of the land than shareholders.


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