Furthermore, it is now apparent that prior to the EGM, NN Group N.V. ("NN Group") approached Delta Lloyd to explore a transaction that would benefit shareholders, and that Management refused to engage in discussions and concealed the NN Group approach from Delta Lloyd shareholders. We believe that had Management properly disclosed NN Group's interest, both the vote at the EGM and the outcome of the Enterprise Chamber proceedings would have been different."
About Highfields Capital
Highfields Capital Management is a $12 billion value-oriented investment management firm which manages private investment funds for endowments, charitable and philanthropic foundations, pension funds and other institutional and private investors. The Highfields funds invest worldwide in public and private companies across a wide variety of industries and security types. The firm was founded in 1998 and is based in Boston, MA.
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SOURCE Highfields Capital Management