BREAKING NEWS

BREAKING NEWS

Activist investor TCI might call EGM to oust LSE chairman Brydon - source

Now Reading:

Activist investor TCI might call EGM to oust LSE chairman Brydon - source

Text size Aa Aa

LONDON (Reuters) – Activist firm TCI Fund Management might call an extraordinary shareholder meeting to oust London Stock Exchange Group <LSE.L> chairman Donald Brydon, a source close to the firm told Reuters. Chris Hohn’s London-based hedge fund firm TCI may write to the board to request the meeting on Thursday afternoon after it first sent a letter asking for Brydon to step down last week. A spokesman at LSE declined to comment. Sky News reported earlier on Thursday that TCI was ‘plotting’ an imminent move to unseat Brydon.

(Reporting by Maiya Keidan; Editing by Rachel Armstrong)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.