Independent journal on economy and transport policy
19:43 GMT+2
Princess investors fret over veto
(Evening Standard)
January 22, 2002
by Jim Armitage, Evening Standard
SHAREHOLDERS in P&O Princess fear they would be handing over power of veto for major corporate decisions to the four shipping tycoons who control Royal Caribbean if the companies are merged.
Although the merger proposals would on the surface give Princess shareholders 50.3% of the company, the big four Royal backers would end up with 26.2% of the shares, ...... Read more on Evening Standard
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