Brazil's Oi says shareholder meetings still suspended by bankruptcy court
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
SAO PAULO (Reuters) - Oi SA, Brazil's largest fixed-line telephone carrier, said the Rio de Janeiro court overseeing its bankruptcy protection maintained the suspension of shareholder meetings originally scheduled for this Thursday, according to a securities filing.
The shareholder meetings were called by activist investor Société Mondiale in August, but were suspended last week by the court. Société Mondiale is seeking to remove all Oi board members appointed by majority shareholder Pharol SGPS.
(Reporting by Ana Mano)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Saudi hits new oil output record in November amid OPEC cut talk
- Republican wins Senate runoff in Louisiana, giving party 52 seats
- Critics ask if Tillerson can turn from corporate to national interest
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!