Tuesday July 10, 2012
LME shareholders to vote on July 25
LONDON: London Metal Exchange (LME) shareholders will vote on July 25 on a £1.4bil (US$2.2bil) takeover offer by the Hong Kong stock exchange, which could deliver a payout of £7.4mil for the LME's chief executive.
The LME, the world's largest marketplace for metals including copper and aluminium, said in a statement it had set the date for the vote and sent documents to its shareholders on the takeover plan, including details of potential payouts for its executives. Reuters