Summary
LONDON (Reuters) - Britain's Charter International has cancelled some meetings with New York hedge funds, people familiar with the matter said, focusing on long-term shareholders as it takes its case for independence to the United States this week.
The engineering company is under mounting pressure from large European shareholders to open its books to Melrose, after it rejected an indicative offer of 840 pence a share, or 1.4 billion ($2.3 billion). Industrial buyout company Melrose said last week it would consider increasing its proposal if it had access to Charter's books in order to do due diligence.See the full content of this document
Extract
Charter Cancels New York Hedge Fund Meetings
"Our meeting has been cancelled," said one New Yo...
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