Rhoen-Klinikum says law suit has been filed against AGM vote
FRANKFURT, July 15
FRANKFURT, July 15 (Reuters) - German hospitals operator Rhoen-Klinikum said a law suit has been filed against a shareholder vote at its recent annual general meeting to use the proceeds from a sale of hospitals to buy back shares.
The company said it would defend itself against the law suit, seeking court approval to go ahead with the share buy-back anyway.
It added that if it does not succeed, it could revert to an alternative shareholder-approved plan to pay a special dividend in lieu of a share buy-back.
(Reporting by Ludwig Burger; Editing by Arno Schuetze)