- Compass Group 887.00 0.00
- Croda Intl. 2,529.00 0.00
- Eurasian 254.80 0.00
- Hsbc Hldgs.uk 726.00 0.00
- Next 4,580.00 0.00
- Woburn Energy 1.50 0.00
- Xtract 0.13 0.00
FLSmidth lodges appeal over Ludowici bid decision
Friday, 2nd March 2012
FLSmidth has lodged an appeal over the Australian Takeovers Panel's decision that the company must pay compensation Ludowici shareholders.This follows Weir Group's appeal of the panel's 'declaration and orders' relating to Ludowici.
The Takeovers Panel found that FLSmidth was not prevented from increasing its bid for Ludowici, but that FLSmidth's correction on 31 January of a Reuters article published on 23 January should have been made earlier.
Consequently, FLSmidth was ordered to implement a process that may result in compensation to those Ludowici shareholders who may have suffered a loss by selling Ludowici shares in the period from 23 January until 31 January.
The panel has, as a consequence of Weir Group's appeal, issued interim orders stating that both Weir Group and FLSmidth must refrain from taking any actions that may result in them acquiring interests in or control of Ludowici while the appeal process is pending.
At 9:55am: (LON:FLS) Finsbury Life Sciences Investment Trust share price was 0p at 1.88p
Story provided by StockMarketWire.com
Stock Market Update
Friday, 24th May 2013
END-OF-DAY REPORT: The headline index ended the day firmly lower, with activity light ahead of ...
Share News
Friday, 24th May 2013
HSBA HSBC HOLDINGS PLC ORD $0.50 (UK REG) value of shares traded £158,856,866 VOD VODAFONE GROUP PLC ORD ...
Friday, 24th May 2013
Sprue Aegis's independent directors have welcomed the lapsing of BRK's offer which received ...
Friday, 24th May 2013
Caza Oil & Gas's (LON:CAZA) shares soared after it agreed a $50m financing with Apollo ...
Friday, 24th May 2013
Updates from Amur Minerals, Arian Silver and Churchill Mining failed to impress the market and ...
SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. All share prices are provided by the London Stock Exchange, and are at least 15 minutes delayed.