The VNU saga continues with the announcement that the company's Annual General Meeting of Shareholders (AGM) has been rescheduled from April 18 to June 13.The VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User saga continues with the announcement that the company's Annual General Meeting of Shareholders (AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f ) has been rescheduled from April 18 to June 13.The April 18 meeting has been relabeled an "Extraordinary General Meeting (EGM EGM Electronic Gaming Machine EGM Electronic Gaming Monthly EGM Extraordinary General Meeting EGM Expert Group Meeting EGM Estudio General de Medios (Spanish: General Means Study) EGM Emergency General Meeting )." The delay is an effort to give shareholders more time to approve a management-backed plan to sell all shares of the company to Valcon Acquisition, a consortium of private equity firms, for nearly $10 billion. The offer to purchase needs to be approved by 95% of VNU shareholders by May 5. Two investment firm shareholders have said they will not support the offer. Together, Fidelity International (New York) and Knight Vinke Asset Management Knight Vinke Asset Management is a privately owned investment management firm that makes a business of investing in under-performing bluechip companies, then pushes for institutional changes in those companies which in turn increase the share value of the company, which then makes money (New York) own about 17% of VNU's outstanding stock. The entire April 18 EGM meeting was to be devoted to discussion of the buy-out offer. |
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