And while BTL is again studying the possibility of an acquisition - what some in the public are studying is that CTI is owned by Pete Lizarraga, the Chairman's brother.
We asked if negotiations can be arm's length with the chairman leading the board which would make the decisions on whether to acquire or not:
Reporter
"Looking at the current facts now, would that be an unlent transaction because CTI is owned by the chairman's brother."
Mark Lizzaraga, Chairman, BTL
"You can rest assured that whatever the study shows would be the best path of BTL to fill this pipe would be done following all the rules of good corporate governance."
Tags
BTL
CTI
Pete Lizarraga
Mark Lizzaraga
