(Reuters) - By raising its stake above 44 percent, Altimo's Eco Telecom
removes a requirement for one of its four nominees on the
nine-strong board to be independent. Vimpelcom will hold its
annual shareholder meeting on Friday.
The filing said Eco Telecom, which previously had 43.8
percent of the voting shares, still owned less than the 50
percent threshold that would force it to make a bid for the
entire company.
Read more at Reuters.com Mergers News
removes a requirement for one of its four nominees on the
nine-strong board to be independent. Vimpelcom will hold its
annual shareholder meeting on Friday.
The filing said Eco Telecom, which previously had 43.8
percent of the voting shares, still owned less than the 50
percent threshold that would force it to make a bid for the
entire company.
Read more at Reuters.com Mergers News
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