Rebel Petropavlovsk shareholders not acting together – UK Takeover Panel

June 15, 2017

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There is no legal requirement for a formal takeover bid for Russian-focused gold miner Petropavlovsk and three out of four board nominees put forward by rebel shareholders are independent, Britain’s Takeover Panel said on Thursday. The watchdog assessed resolutions from shareholders seeking to overhaul the Petropavlovsk board at its annual meeting next week and sought to determine whether they were acting in concert.

Category: General