London and Bombay and King and Forsythe
Do not miss the Extraordinary General Meting on Friday, December 17, at 100 Wood Street, London, EC2 at 11.30 am. The meeting is to authorise the acquisition of the loss-making low asset management companies of the Pan Australian Group. The Sunday Express and Investors Chronicle are outspoken in not recommending the deal and some reasons for voting against this too cosy transaction were given in the Spectator last week. In addition, some of the Australian share holdings under management are proving stubbornly difficult to liquidate except at a loss for reinvestment.
The institutions must lead the way and send King and Forsythe (both nice boys but angry with last week's criticism) back to the drawing board, vote against these proposals and not let them slip through on a show of hands.
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