K&M Douglas Trust announces acquisition of common shares of Westport
Innovations Inc.

LARKSPUR, CA, March 1 /CNW/ - K&M Douglas Trust ("K&M Trust") of 125 E. Sir Francis Drake Blvd., Suite 400, Larkspur, California, 94939, by its trustee Kevin Douglas has, through and on behalf of, K&M Trust, Douglas Family Trust, James E. Douglas III, and Douglas Irrevocable Descendants Trust, acquired control and direction over common shares of Westport Innovations Inc. ("WI") such that it now has control and direction over 4,374,400 common shares representing approximately 11.43% of the issued and outstanding common shares of WI. The shares were purchased on the NASDAQ at a weighted average price of USD $11.57 per share or Cdn. $12.17 per share (using the Bank of Canada monthly closing rate for February 2010). The shares were acquired in the ordinary course of the entities' investment activities. K&M Trust and the other entities may purchase or sell securities of WI in the future on the open market or in private transactions, depending on market conditions and other factors material to their investment decisions.

For further information: For further information: Tim McGaw at (415) 526-2202 or tmcgaw@dougtel.com

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890