Octavian calls for Extraordinary General Meeting at Balda AG to replace the current Supervisory Board

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posted:12/12/2011
language:English
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Description: NEW YORK--(EON: Enhanced Online News)--Octavian Advisors LP, which, through various funds, owns approximately 8.3% of the outstanding shares of Balda AG (“Balda”), announced today that it has filed a request for an Extraordinary General Meeting with the Management Board of Balda, with the aim of replacing the current Supervisory Board. “This board has cost shareholders €350 Million. It is apparent that, due to a conflict of interest, Balda’s Supervisory Board has not acted in the best interest o a styl
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