Plans for big Canadian quarry withdrawn by Highland

Posted by Washington Post: Juliet Eilperin on November 21st, 2012
Reuters: A controversial plan to build a massive quarry north of Toronto that was backed by a major U.S. hedge fund has been dropped, according to a company statement on Wednesday. The Highland Cos said it was withdrawing its application to develop a quarry in Melancthon Township, just north of Toronto. Boston's Baupost Group, led by the value investor Seth Klarman, has an undisclosed stake in Highland and will continue to be an investor in the company, according to Highland spokeswoman Lindsay Broadhead.......

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