Reuters logo
4 months ago
BRIEF-Elliott condemns Akzo Nobel's rejection of EGM
April 25, 2017 / 5:51 PM / 4 months ago

BRIEF-Elliott condemns Akzo Nobel's rejection of EGM

April 25 (Reuters) - Elliott Advisors (UK) Limited:

* Elliott Advisors (UK) Limited condemns Akzo Nobel's rejection of Extraordinary General Meeting

* Says it views Akzo Nobel’s rejection of the EGM request as groundless

* Says shareholder feedback apparently indicates that shareholders would vote to remove Mr. Burgmans from his position as chairman of the supervisory board

* Says given there is third PPG proposal being considered by Akzo Nobel’s boards, Elliott intends to assess Akzo Nobel’s response to that proposal

* Elliott says is confident that the EGM request meets the required standards of reasonableness and fairness, and passes the 'legitimate interest' test Further company coverage: (Gdynia Newsroom:)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below