International Seaways anti-takeover rule was almost overturned
SEC filing confirms holders of 16.46m votes cast against so-called poison pill extension compared with 19.81m shares of stock in favour
John Fredriksen’s move to thwart the ratification of International Seaways’ shareholder rights agreement, which effectively prevents a takeover of the company, was a close call. Two board members singled out by Fredriksen for removal received relatively low support following the company’s AGM earlier this week, an SEC filing confirms
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