Railtrack shareholders must themselves work out whether the deal now on the table is in their intere...
Railtrack shareholders must themselves work out whether the deal now on the table is in their interests according to Class Law, which has a number of shareholders on its books considering legal action.
The comment came after hopes for a deal to sell Railtrack's assets to not-for-profit operator Network Rail and provide some capital return to Railtrack shareholders stumbled last night.
Lawyers burning the midnight oil were unable to agree to the thorny issue of how to value the channel tunnel rail link being built and who will be responsible for that infrastructure in future.
Other than that, shareholders are being promised in the region of 250p per share, which would suit those who bought into the company when it floated, but not those who bought during the heady days of £6 shares.
There is still a chance that the government could be sued over its handling of Railtrack, particularly its decision to put the company into receivership, which made Railtrack shares worthless.
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November