Shareholders threaten legal action over Sokolow and Farm Foods merger

The biggest merger on the meat market between Farm Food and Sokolow is being boycotted by a group of dissatisfied shareholders from the plant in Czyzew, who are threatening to take the matter to court. They complain that the share exchange ratio is too low making it unprofitable for Farm Food. Right now the ratio is 8.98 shares of Sokolow per Farm Food share. According to the protesters the ratio should be about 15:1. The merger is also considered unprofitable for Sokolow by some shareholders because of debts of the acquired plant. The merger is planned to be finalized in the fall. (Puls Biznesu, page 8) E.B.