COMPANY COMMENT
Old Mutual and Peter Moyo — the surprises keep coming
Shareholders can put only so much pressure on Old Mutual to end the five-month long drama, but it’s clear that cannot happen if the two legal teams keep surprising each other in court
30 October 2019 - 18:07
Many Old Mutual shareholders have come out asking the insurer and its axed CEO to find an amicable solution that will put an end to the five-month bruising public battle between the two.
Except for Allan Gray, which has said in the past that the Old Mutual board should not feel backed into a corner by the share price movement and a few others who have adopted a “wait and see” approach, it does not look like the other shareholders will be getting what they want any time soon...
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