The commercial court in Paris has agreed to ‘Following an ex parte application, to prohibit Elliott to sell to anyone, apart from XPO, its Dentressangle titles.
This is a serious snag in the plan, up here without faults, the US carrier XPO Logistics to conquer the French Norbert Dentressangle. Without waiting for the results of the tender offer (OPA) which ended Friday, July 17, he knows he will not get the 95% stake which he aspired in order to proceed to a withdrawal of the Stock Exchange the society. An intruder, the US investment fund Elliott, was invited to the capital. Within weeks, it was an impregnable position representative, July 16, 9.06% stake in Norbert Dentressangle. And it is justice that he will return to settle this dispute between two Americans, both the reputation of sharks. Unusually, without waiting for the hearing scheduled for July 23, the Commercial Court of Paris has consented to the conclusion of an ex parte application, to prohibit Elliott to sell to anyone, apart from XPO, its Dentressangle titles . On the merits, XPO Elliott accuses of not having fulfilled its obligations market information on the conditions for its increase in capital Dentressangle takeover period. In response, Elliott received the same vice president of consular jurisdiction an interim measure prohibiting XPO carry out any integration operation … pending the decision on the merits. Bradley Jacobs, CEO of XPO is a go-getter who decided to build a few semesters an international giant road transport. He had made in the …
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