Question

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 representation on the Board of Directors. An affiliate of Bigelow Products Corporation acts as a food broker 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?


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  • CreatedAugust 23, 2015
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