The UK Shareholders Association (UKSA) has weighed into the Bradford & Bingley restructure debate, calling on the lender to open its books for Resolution Limited.
B&B has so far resisted efforts by the Clive Cowdery-led Resolution, knocking back two capital proposals which would replace US private equity firm Texas Pacific Group’s funding plan. The UK Shareholders Association, the organisation representing interests of private shareholders, supports Resolution's request for due diligence. “We believe that Resolution's proposal should be seriously considered by Bradford & Bingley and that Resolution should be given access to financial information to enable them to firm up their proposal,” association communications director Roger Lawson says. The A...
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