Third Point Investors rejects 'disappointing' second call for EGM

Accuses AVI of attention-seeking

James Baxter-Derrington
clock • 2 min read
TPI “hopes this will put an end to AVI’s continued attempts to commandeer the apparatus of the company in pursuit of its own agenda, at the expense of all shareholders”.
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TPI “hopes this will put an end to AVI’s continued attempts to commandeer the apparatus of the company in pursuit of its own agenda, at the expense of all shareholders”.

Third Point Investors has rejected renewed calls from Asset Value Investors for an EGM in relation to discount control and has accused the shareholder of “drawing attention to itself”.

Responding to a 30 September communication from AVI, which called for the board of directors to organise an EGM to consider a resolution concerning discount control, TPI refused, adding that it "hopes...

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