David Wighton of The Times writes about the problems of low turnout at shareholder meetings. “Shareholders have to get out there and vote” describes the problems facing Minerva, the property company fighting off a bid from 29.9 per cent shareholder Nathan Kirsh, and Mitchells & Butler, the UK’s biggest pub company, which claims that a concert […]
Read MoreThe Takeover Panel has initiated a consultation on the Takeover Code. The Panel indicated that the decision to undertake the consultation was made in the light of recent commentary and public discussion, and suggestions for consideration from the Secretary of State for Business, Innovation and Skills and others. The consultation will focus on whether certain […]
Read MoreThe FSA’s letter to the Institutional Shareholders Committee regarding shareholder engagement was initially welcomed by many commentators although concerns were raised in some quarters at the narrow focus of the letter. In that letter, the FSA stated that they were “aware that concerns have been raised over the extent to which more active shareholder engagement […]
Read MoreNäringslivets Börskommitté (NBK), the Swedish Industry and Commerce Stock Exchange Committee, has completed a review of the Swedish takeover rules which apply to regulated markets in Sweden (Nasdaq OMX Stockholm and Nordic Growth Market). Draft revised rules were published in June, with the final draft being submitted to the NASDAQ OMX. Of most interest are […]
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