Woodside Petroleum Ltd's planned $2.68 billion (1.58 billion pounds) share buyback from Royal Dutch Shell is on the brink of failing, based on a count of votes mailed in ahead of a shareholder meeting on Friday. Woodside said on Thursday about 71.3 percent of votes cast so far were in favour, with the rest against. It needs support from 75 percent of votes cast to go ahead with the buyback, which would cut Shell's stake in the company to below 5 percent. "If it gets knocked back, the question will have to be what happens next, and in our view it's likely the board will move to implement an equal access buy-back," said Nik Burns, executive director & lead energy analyst at UBS.
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