Midas shareholder wants poison pill revoked

By Lisa Kerner

Charlotte, N.C., March 23 - Silverstone Capital LLP asked Midas, Inc. to remove its poison pill or put the matter to a shareholder vote, according to a schedule 13D filed with the Securities and Exchange Commission.

"To be clear, we are not interested in a fire sale of the company, nor is this request a criticism of management. We merely would like to see shareholders rights restored," Silverstone said in a March 20 letter to Midas included in the filing.

Silverstone beneficially owns 1,142,624 shares, or 8.2%, of the Itasca, Ill.-based retail automotive services company.

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