Another company that appears to be frightened by their shareholders and have decided to take away some of their power.
Shareholders should not allow it.
Onésimo Alvarez-Moro
See article:
Pernod Ricard, the maker of Chivas Regal whisky and Jacob’s Creek wine, has become the latest French company to ask shareholders to approve a “poison pill” mechanism introduced by the government earlier this year.
At the group’s annual meeting on November 7, investors will be asked to vote on a resolution authorising Pernod Ricard’s board to issue warrants convertible into shares at a discounted price in the event of an unsolicited takeover approach.
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