The Globe and Mail reports in its Tuesday edition that a director who served for 25 years on the board of Badger Daylighting said he is resigning over its decision not to bring to its investors a secret takeover proposal made last summer. A Canadian Press dispatch to The Globe says that David Calnan, a Calgary lawyer who has been on the board since 1993, said on Monday that the way it dealt with the confidential unsolicited cash-and-shares buyout offer made in mid-July highlighted differences between his perspective as a director who is also a large shareholder and the rest of the board. "The rest of the board felt it wasn't sufficient, whereas I disagreed," Mr. Calnan told Canadian Press. "They saw it as an end to Badger. I saw it as a transition of Badger into another entity in which I would still continue to own [stock]." He held about 415,000 shares as of the end of 2017. Mr. Calnan said he thought the offer was high enough and its terms sufficiently attractive that the board should have negotiated a formal offer and presented it to shareholders. In a statement Monday, Badger said it ended discussions with the prospective but unnamed buyer because its consideration was not "sufficiently compelling."