Monday 30 March 2009

Shipping firms at risk of hostile takeovers

Michelle Wiese Bockmann - Wednesday 25 March 2009
PUBLIC shipping companies have been warned they are vulnerable to hostile takeovers by shareholder activists engaging in damaging proxy fights to gain greater control.
Blank Rome attorney Keith Gottfried told the Connecticut Maritime Association that shareholder activists posed a “significant threat” to listed shipping companies.



Source: Lloyd's List

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