'Unusual' Diligent takeover reduces shareholder power
“Shareholders are definitely in a weaker position under this takeover," says fund manager.
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Diligent Corporation [NZX: DIL] shareholders are facing a “completely different” takeover process than they are used to, and may have their shares forcefully taken from them if the offer reaches just 50% acceptance.
The New-York based tech company announced a takeover offer this morning from
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Calida Smylie
Mon, 15 Feb 2016
Mon, 15 Feb 2016
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'Unusual' Diligent takeover reduces shareholder power
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