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Phitrust submits written questions for the EssilorLuxottica AGM
The merger between Essilor and Luxottica has been presented to shareholders as a merger of two firms of similar size, with balanced governance for the new structure, EssilorLuxottica.
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Phitrust submits written questions for the EssilorLuxottica AGM
The merger between Essilor and Luxottica has been presented to shareholders as a merger of two firms of similar size, with balanced governance for the new structure, EssilorLuxottica.
Alstom acquired by Siemens: but what do the shareholders do?
At a General Meeting held on 17 July 2018, the shareholders voted in favour of the acquisition of Alstom by Siemens. What a pathetic decision, when at the announcement of the discussions with Siemens the executives and the board of directors sold the idea of a “merger between equals”!
The takeover of Alstom by Siemens presented as a merger “between equals“
Without contesting the strategic interest of the merger between these firms, this operation being presented as a merger “between equals” which is – if it is approved in these conditions – a takeover of Alstom by Siemens, and harms the minority shareholders with an insufficient control premium and is unsatisfactory in terms of governance.