Interesting to see the weight of opinion rising against the BAE EADS with Invesco Perpetual's Neil Woodford the latest to voice concerns as a BAE shareholder (http://www.citywire.co.uk: Invesco's Woodford hits out at BAE-EADS merger).
Elsewhere on the Citywire forums the subject of shareholders rights has been raised once again particularly voting rights which could come into play in takeover and merger situations such as these.
It appears that over the years shareholders have been incentivised down the nominee account route without full realisation as to the loss of rights/benefits that go with this.
This can simply be shareholder benefits and discounts as offered by a company but also stretches to access to dividend re-investment programs and in this case individual voting rights (http://moneyforums.citywire.co.uk: Investors ‘unable to vote on BAE merger plans’).
Concerning and as the forums suggest time for the FSA and Government (yes you Vince!), to step up to the mark and enforce our rights.
Related article links:
- http://www.citywire.co.uk: Invesco's Woodford hits out at BAE-EADS merger
- http://www.dailymail.co.uk: Intervention from major shareholder Invesco Perpetual drives BAE-EADS deal closer to the rocks
- http://moneyforums.citywire.co.uk: Investors ‘unable to vote on BAE merger plans’
Related posts:
- BAE takes off on proposed merger with EADS!
- Part 2: BAE takes off on proposed merger with EADS!
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