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> Ericsson being sold??
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Well apparently not! Ericsson wont be sold because two of the shareholders control more than 80% of the voting rights even though they own only 7% of the shares. This is because they own Class A of the Ericsson shares while majority of the other holders own Class B shares. Class A shares carry 1 vote each while Class B shares carry 1 vote for every 1000 shares owned! So these two guys who own 80% of voting rights put out a comment to the market yesterday that they have no intention to dispose of Ericsson in the next few years! So that puts paid to all speculation.
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Posted: 2002-07-02 16:05:00
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