"As of 2003, Axel Sartingen, as a shareholder, frequently filed actions to challenge the resolutions of listed stock corporations. He was considered one of the most complacent private investors. An empirical study from 2007 assigned 39 lawsuits to him. Critics called him and others therefore as professional plaintiffs or as predatory shareholders . Axel Sartingen, however, emphasized: “Nobody willingly gives me the true value of my shares in a squeeze-out”.The best-known of the companies affected by the lawsuits included Allianz SE, Axa Versicherung AG, Bayer Aktiengesellschaft, Degussa AG, Deutsche Postbank AG, IKB Deutsche Industriebank AG and Premiere AG.The background to this was takeovers with subsequent squeeze-outs or domination agreements at the expense of the free shareholders. In many cases, the lawsuits led to settlement agreements or decisions by judicial arbitration boards. These provided for higher cash compensation or comparable compensation for the plaintiffs." https://peoplepill.com/people/axel-sartingen/
"At the expense of the free shareholders ..." Says it all really.
AEE Price at posting:
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