Analysis / Time for Ampal bondholders to stage a coup
In the last few years, the only thing Ampal has given to its investors is heartache. Bondholders must not be afraid to exercise control over the company and hold chairman, president and CEO Yossi Maiman responsible.
Ampal-American Israel Corporation, Yossi Maiman's holding company, announced at the start of the week, during a meeting with the representatives of the company's bondholders, that Maiman was ceding control of the company. Maiman, who is the controlling shareholder of Ampal, was reluctant to take this step without receiving immunity from prosecution, but the institutional investors who hold the majority...
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