National Express faces new unrest in the boardroom

National Express faces new unrest in the boardroom
 

National Express's biggest shareholder, the Cosmen family with 20%, is expected to throw its weight behind a US activist investor that is seeking to shake up the transport company's board – and possibly garner support for a break-up.
Last week, American hedge fund Elliott Advisors, which holds 17%, disclosed it was asking shareholders to vote for three new independent non-executive directors at the annual meeting next month. Its proposals need the support of over 50% of investors.
Analysts said they suspected the move from Elliott was an attempt to bounce management under Dean Finch into... read more

 
3 April 2011 in Business, Views: 12
Source: Guardian
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28