One of Credit Suisse Group’s biggest shareholder groups says the rushed merger of its bank with UBS Group at the weekend is an unprecedented breach of shareholder rights that may scare off institutional investors.
Ethos Foundation, which acts as a proxy adviser for pension funds and other members holding between 3% and 5% of the bank’s stock and $400bn in assets, said on Monday that it is considering the possibility of legal action over the sale. However, options through the courts are currently limited. ..
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Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Credit Suisse investor furious over state intervention to set up emergency mergerEthos Foundation is considering legal action over override of shareholder vote in deal with UBS
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