Hedge funds demand Versatel board changes

LONDON, Nov 28 (Reuters) – Hedge funds representing 15.5 percent of shares in Dutch telecoms firm Versatel demanded changes to its supervisory board on Monday, continuing their resistance to a takeover by Sweden’s Tele2 AB (TEL2b.ST: Quote, Profile, Research).

Tele2 acquired 74 percent of Versatel’s share capital in a 1.34 billion euro ($1.58 billion) tender offer which it declared unconditional last month

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