Summary
INSTITUTIONAL investors in software company Psion, accounting for more than a third of its shares, were today expected to join forces with angry private shareholders and give the firm's founding chairman David Potter a rough ride at a meeting to vote through a crucial Pounds 135 million sale.
Psion needs to get a simple majority of shareholders to approve the proposed sale of its 31.1% stake in Symbian, a mobile phone technology company, to Nokia, the Finnish handset maker. Many private shareholders have already joined with 13.5% rebel institutional shareholder Phoenix Asset Management to vote down the current-Nokia deal. They were today expected to argue that the stake should be sold for at least Pounds 250 million or Psion should stick with its original plan of floating Symbian.See the full content of this document
Extract
Psion Holders Rebel Over Symbian Sale
Sources also sa...
See the full content of this document
Sponsored links
