Interpublic shareholders reject sale
A rebellious minority shareholder had demanded that a buyer be sought through an investment bank.
The shareholders of Werbeholding
Interpublic does not want to sell the company to the highest bidder
sell. In the summer, the small shareholder Charles Miller had proposed the
that an investment bank should be engaged in order to obtain a
to find a buyer. The Group management resisted the proposal and
asked the stock exchange supervisory authority for permission to submit the application to the
Annual General Meeting. However, this was
denied. According to media reports, the shareholders on
Monday was largely loyal. Only one small shareholder spoke out
Word: Ken Steiner said on behalf of Miller, for every company
the time will come when it
alternatives had to be considered. A sale would make sense
in view of the miserable performance of the holding company and its shares. He
accused the Group's management of massive violations under its aegis.
share price losses, incorrect balance sheet figures, management turmoil and a
investigation by the stock exchange supervisory authority. The Annual General Meeting followed
his arguments and defeated the Miller motion with 87 % No
from.
Interpublic does not want to sell the company to the highest bidder
sell. In the summer, the small shareholder Charles Miller had proposed the
that an investment bank should be engaged in order to obtain a
to find a buyer. The Group management resisted the proposal and
asked the stock exchange supervisory authority for permission to submit the application to the
Annual General Meeting. However, this was
denied. According to media reports, the shareholders on
Monday was largely loyal. Only one small shareholder spoke out
Word: Ken Steiner said on behalf of Miller, for every company
the time will come when it
alternatives had to be considered. A sale would make sense
in view of the miserable performance of the holding company and its shares. He
accused the Group's management of massive violations under its aegis.
share price losses, incorrect balance sheet figures, management turmoil and a
investigation by the stock exchange supervisory authority. The Annual General Meeting followed
his arguments and defeated the Miller motion with 87 % No
from.
