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Shareholder activism Europe's revolting shareholders

机译:股东积极主义欧洲令人反感的股东

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A funny thing happened in France on May 3rd: a Paris court blocked Schneider Electric's proposed €7.9 billion ($7.1 billion) takeover of Legrand, a rival maker of electrical equipment. The decision was a rare and astonishing victory for minority shareholders in Legrand, who had brought the suit arguing that the terms of the deal discriminated against the preference shares they held. Indeed, Colette Neuyille, who heads a French association of small shareholders and has campaigned on their behalf for years, for the most part fruitlessly, declared herself as shocked as she was delighted.
机译:5月3日,法国发生了一件有趣的事:巴黎一家法院阻止了施耐德电气提出的以79亿欧元(合71亿美元)收购竞争对手电气设备制造商勒格朗的提议。对于罗格朗(Legrand)的小股东而言,这一决定是一次罕见而令人惊讶的胜利,罗格朗提起了诉讼,称交易条款歧视了他们持有的优先股。的确,负责法国小股东协会的科莱特·诺伊耶(Colette Neuyille)多年来代表他们开展了许多活动,但毫无结果。

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