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International Press Coverage of CIAM

Ahold Delhaize Appeases Shareholders With Poison Pill Compromise

Reuters

Ahold Delhaize on Wednesday managed to appease investors opposed to the extension of its takeover defence mechanism, by giving shareholders more rights if the poison pill is ever activated. ...

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These concessions were enough for CIAM to drop its request for an extraordinary shareholders’ meeting to vote on the mechanism, and its warning that it would seek legal action if the company ignored its demand.

“These new commitments mark a significant victory for corporate governance and investor rights,” CIAM co-founder Catherine Berjal said in a statement.

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ReutersCIAM