Tuesday, November 21, 2006


The WSJ reports that as utilities Suez (SZE) and Gaz de France hammer out the final terms of their planned €44.22bn ($56.72bn) combination ahead of a key Suez board meeting tomorrow, a rising number of shareholders are threatening to reject the deal, an embarrassing potential outcome for both co’s and the French govt, which helped organize it. In the past few weeks, US and European institutional investors with holdings amounting to more than 15% of Suez's capital have signed individual letters to Suez mgmt to protest the terms of the deal.

Barron’s „Inside Scoop” section reprots that Chmn Owen Kratz at Helix Energy Solutions (HLX) shelled out $2.1m for 70K shares. Helix CEO and President Martin R. Ferron bought 20K shares. He spent a total of $621K.

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