I'm no sure - not a holder. You should have received a letter,...

I'm no sure - not a holder. You should have received a letter, if you're a shareholder.

Clayton's takeover

Private equiteers CHAMP and Headland Capital Partners have denied artificially pushing down the share price of shipping services group Miclyn Express Offshore, of which they own 75 per cent.

They've been able to accumulate the stake without making a takeover bid because even though Miclyn is listed on the ASX it is incorporated in Bermuda, where Australian corporate law does not apply.

On Thursday, the firms wrote to independent directors Neil Hamilton and George Venardos to complain of ''many inaccuracies and baseless assertions'' in a letter the directors sent to shareholders on Wednesday.

CHAMP and Headland denied keeping the share price artificially low by announcing last month that they wouldn't buy shares above $2.20, saying these were simply ''factual and accurate statements''. So that's all right then.


Read more: http://www.theage.com.au/business/sober-speech-to-the-stockbrokers-20130530-2neqc.html#ixzz2UmUSIFfz