Deals
Bumi-Rothschild Showdown Set for February Investor Meeting
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Bumi Plc, the coal producer that plunged 69 percent last year amid a dispute over control, set up a February showdown with co-founder Nathaniel Rothschild after the financier moved to take over the company.
London-listed Bumi agreed late yesterday to Rothschild’s request for a shareholder meeting to throw open 12 of its 14 board seats at an unspecified date next month. Rothschild said in a letter yesterday that the board had failed, saying new CEO Nick von Schirnding and Chairman Samin Tan are among members that should be replaced.