Securities Commission to examine Polifarb shareholder meetings

She said that the commission received a letter on Friday from Wroclaw shareholders protesting the terms of the merger planned for mid-year, and that a decision could come as early as this week. Credit Suisse Asset Management, which manages the London-listed Central European Growth Fund, wrote a letter on behalf of the fund and other U.S. and U.K. Wroclaw shareholders, asking the commission to prevent Cieszyn's version of the merger. Cieszyn shareholders last Monday approved a merger plan giving them 53.5% rather than 50% of the new firm by increasing a planned pre-merger bonus issue for Cieszyn shareholders to 6.375 from 2.98 million shares. (Reuters)