The Conservative Party has rejected calls to restrict foreign takeovers but will push ahead with moves to curb the level of foreign workers in the UK, as the party unveils its election agenda. In one of the measures most closely watched by City advisers, shadow business secretary Ken Clarke rejected Labour proposals to raise the threshold to secure shareholder approval for corporate takeovers and moves to cut voting rights of short-term shareholders such as hedge funds.
April 14, 2010 at 11:35 AM
1 minute read
The original version of this story was published on Legalweek
The Conservative Party has rejected calls to restrict foreign takeovers but will push ahead with moves to curb the level of foreign workers in the UK, as the party unveils its election agenda.
In one of the measures most closely watched by City advisers, shadow business secretary Ken Clarke rejected Labour proposals to raise the threshold to secure shareholder approval for corporate takeovers and moves to cut voting rights of short-term shareholders such as hedge funds.
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