The Amsterdam commercial court will tomorrow (Wednesday) issue a ruling on the takeover of Dutch retailer Laurus by its French counterpart Casino.
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A group of shareholders spearheaded by Albada Jelgersma, who holds a 34% stake in Laurus, has filed a suit with the court asking it to block the company’s plan to issue €400m (US$388m) of new shares in an attempt to re-establish financial viability. Casino would take a 38.6% stake in Laurus and underwrite half the issue.
