Deals
Money Printer De La Rue Calls Activist Proposals ‘Destabilizing’
- Company speaks out ahead of shareholder meeting on July 25
- Crystal Amber has urged the company to sell banknote division
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De La Rue, the more than 200-year-old bank note and passport printer, has described activist shareholder Crystal Amber Fund’s proposals ahead of its shareholder meeting next week as “precipitous and destabilizing.”
Crystal Amber’s demand for Chairman Philip Rogerson to stand down at the July 25 meeting isn’t in the best interests of the company or its shareholders, the company said in a statement on Tuesday.