PaperlinX hybrid dispute continues

07 November 2013

 

YieldReport readers may remember our recent coverage of the ongoing dispute between PaperlinX and a group of holders of PaperlinX hybrids (PXUPA). PaperlinX wanted to make a conditional off-market scrip offer for its hybrid securities but a group of PXUPA unitholders requested that a general meeting be held to consider a special resolution to amend the constitution of the PaperlinX SPS Trust. On 4 November the Trust received a second...

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