Sierra remains open to merger or sale after proxy fight

In Canada, securities analysts say the recent proxy fight at Sierra Geothermal Power Corp. awaiting a takeover or merger. The dispute ended with two representatives of a dissident shareholders group getting seats on the board, which was less than the dissidents wanted but more than the sitting board was hoping for. In the interim, the company says it will redouble its efforts to increase value for shareholders, through partnerships, a merger or an outright sale. Sierra chief executive officer Gary Thompson sees the company as a potential asset for a larger energy firm.