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Friday February 2, 8:35 PMPilkington says starts legal case against VitroLONDON, Feb 2 (Reuters) - Pilkington, the UK-based unit of Japanese glassmaker Nippon Sheet Glass , said on Friday it had launched legal action against Mexico's Vitro over a move to merge a unit Pilkington part-owns into another company.Pilkington said in a statement that it started proceedings against Vitro to try to suspend and annul the company's decision to merge its Vitro Plan unit -- in which Pilkington owns 35 percent -- into Vimexico, a new company. Pilkington said it was not consulted on the move, which would dilute its stake to 8.2 percent. "Vitro's action shows blatant disregard for the rights of Pilkington in connection with this fundamental corporate change and breaches Vitro Plan's by-laws," Pilkington's Mexican lawyers, Cervantes, Aguilar-Alvarez y Sainz, said in the statement. |
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