A Dutch court has upheld calls by two hedge funds for an independent investigation of Stork and outlawed the use of a poison pill defence by a foundation friendly to the Dutch conglomerate. But it also barred a vote scheduled for Thursday at a shareholder meeting calling for the dismissal of the company’s supervisory board, upsetting the plans of Centaurus Capital and New York-based Paulson, who together own 31.4 per cent of the company. They want Stork to sell off parts of its business and focus on building its aerospace unit.
ft.com/alphaville All times are London time