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Article Date: June 1997
Word Count: 345

AMER SOLD TO IRISH INVESTOR IN SURPRISE MOVE.


Jonathan Bryan Guinness,scion of the brewery family and a member of the House of Lordsas Lord Moyne, convinced the K shareholders to sell their supervoting shares at a significant premium just hours before the shareholdermeeting was to vote on a plan developed by the supervisory boardthat would have converted the K shares, with 100:1 voting rights,into ordinary A shares at only a 1.2:1 ratio.

If the new deal goes through, as expected, Guinnesspledges to keep the existing management.They are already hinting at making more acquisitions and confirmthey will keep the headquarters in Helsinki. Amer is traded onboth the Helsinki and London ... Log in to view full article.

 


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