Guy Wyser-Pratte called for a public tender offer for Electricite et Eaux de Madagascar, or EEM, by Groupe Verneuil, according to an e-mailed statement from Paris- based lawyers BCW & Associes on his behalf.
Paris prosecutors are conducting a preliminary inquiry into an insider trading complaint filed against Guy Wyser-Pratte by Electricite et Eaux de Madagascar, Investir said today, without saying how it obtained the information.
Lagardere SCA activist investor Guy Wyser-Pratte failed to win a seat on the company’s board, marking a victory for the company’s chief executive officer. Lagardere’s shares fell as much as 5.6 percent in Paris trading.
The U.S. Supreme Court agreed to review the constitutionality of President Barack Obama’s health- care overhaul in a clash that will shape the 2012 election and spell out the extent of the federal government’s power.
British banks may have to pay more than 20 billion pounds ($31.9 billion) a year, twice as much as competitors, because of additional regulation and taxes in their home market, according to Goldman Sachs Group Inc. analysts.
Guy Wyser-Pratte has taken a stake of 10 percent in Electricite et Eaux de Madagascar and wants to oust Chief Executive Officer Francois Gontier, La Tribune reported, without saying where it got the information.