Sunday, May 07, 2006

Suez shareholders air discontent


Excellent to see normal shareholders stand up to management and to the politicians when these are stitching their own deal up without too much apparent concern for the owners.

Onésimo Alvarez-Moro

See article:
Suez shareholders on Friday loudly voiced their deep discontent with the company's plans for a €70bn ($89bn) merger with state-controlled Gaz de France.

Two-thirds of shareholders backed Suez's controversial plans to create a poison pill that it planned to use to fend off a possible hostile bid from rival Enel of Italy.

See full Article (paid registration required).