ALLEZ LES BLEUS
- From: Vol 7, Issue 5 (May 2006)
- Category: Need to know
- Region: Europe
- Country: France
- Related Companies: Suez
The Suez board had a sticky time at a shareholder meeting on 6 May to agree a poison pill defence against hostile bids as it finalises its proposed merger with Gaz de France.
The shareholders were in a stroppy mood, not least because the company’s shares have been trading at above the €30 implied offer price. Shareholder activist Colette Neuville wanted to know whether the merger was “a privatisation of GdF or a nationalisation of Suez”. She had her answer on 12 May when the company announced that it would be sponsoring ...
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