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
If content does not display, please refresh your browser.
Subscribe
Not ready to subscribe? Sign up for free articles and daily news updates.
Sign Up For Updates