Ahold Delhaize urged to put poison pill decision to vote
Dutch-Belgian supermarket operator Ahold Delhaize should put any decision about renewing its poison pill structure to a vote by shareholders, the association for Dutch retail investors (VEB) said on Thursday.
The VEB joins activist investor CIAM in wanting a vote on the matter, after CIAM wrote in a letter to management made public last week that the poison pill structure depresses shareholder value in Ahold.
“Shareholders are consulted when they need capital, but when a decision needs to be taken about the future of the company we are told to keep our mouths shut” VEB director Paul Koster said in a statement.
CIAM, the VEB and Bernstein have asked Ahold to put the poison pill structure renewal up for a shareholder vote.