Very interesting13 Jun 2011 11:31
Minority shareholder to block 55p takeover...
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Paul Cummins, Pyrrho's investment director, said: "MWB is holding a gun to the heads of Business Exchange's minority shareholders, and has presented us with a derisory offer, backed by the threat of a delisting if we don't comply. This is simply unacceptable behaviour so we have decided to block the Offer. We now call on the Board to protect the rights of all shareholders in Business Exchange and undertake to maximise value for them."