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Activist investor CIAM drops opposition to Ahold poison pill

Reuters

Activist investor CIAM said on Wednesday it would drop plans for legal action to force Dutch-Belgian supermarket operator Ahold Delhaize to put its decision to extend a takeover defense measure to a shareholder vote.

The poison pill allows an independent body to issue Ahold shares to thwart an unwanted takeover attempt, a common Dutch takeover defense.

In a statement, CIAM Chief Executive Catherine Berjal said she was “pleased” with a compromise put forward by the company.

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