PaperlinX hybrid peace?

26 October 2015

 

Readers may recall PaperlinX’s 2013 offer to hybrid holders, the resulting dispute and the close of the offer without result in early 2014. The dispute is over the rights of hybrid holders against the rights of ordinary shareholders. The two parties came into conflict over the hybrid’s terms of issue. Typically a hybrid will mature or cease to exist when the issuer, in this case PaperlinX, chooses to either redeem the...

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