Monday, 23 August 2010

IoD u-turn on deal threshold

get a load of this:

April 2010:
"we agree with the Government that the threshold for approval of a hostile takeover should be raised to a shareholder majority of two-thirds"

July 2010:
"we are not convinced that raising the acceptance threshold for a takeover offer is the best way to tackle investor passivity"

wonder what drove this?

No comments: