(Reuters) Hedge fund Elliott Advisors said on Friday it has filed a second lawsuit seeking a general meeting of Akzo Nobel shareholders to vote on dismissing Chairman Antony Burgmans over his handling of a 26.3 billion-euro ($30 billion) takeover proposal from U.S. group PPG Industries.
In a preliminary ruling in May Amsterdam’s Enterprise Chamber rejected a request from shareholders representing 18 percent of Akzo’s shares to call an extraordinary meeting to discuss Burgmans’ dismissal, saying it was an attempt to control the company’s strategic direction.. That case is continuing.
