47% of the Andean American shares
voted at Andean American s annual and special shareholders meeting held earlier today were voted in favour of the special resolution approving the Arrangement.
The analyst has a ``strong buy'' recommendation on North American shares
and a 12-month target price of $15.
But what did become apparent from the protracted battle between the two mining giants was that South African companies were going to find it tougher to compete against North American companies in terms of large scale acquisitions when making paper bids, as the value of North American shares
After gaining more than 1,000 percent in 1997, North American shares
have been thinly traded and in retreat for much of the past year, owing to investor wariness of the entire brachytherapy sector.
The record date for the stock split for holders of American shares
held through the New York Registry has been fixed at the close of business on Friday, 14 April 2000, and the payment date for such shares will be Monday, 17 April 2000.
News of the FDA approval sent North American shares
The Unilever PLC interim dividend date, and those for the PLC American Shares
North American shares
lost a quarter of their value, dropping $4.
Alabama National has indicated that, in its opinion, the reported adjustment by First American is consistent with safe and sound banking practices and that this adjustment will not negatively impact the scheduled merger of First American and Alabama National or the conversion ratio of Alabama National shares being offered for First American shares
in the merger.
North American shares
have been led down by profit-takers who have seen the company's stock rise nearly 700 percent in a year, according to analyst John Calcagnini at CIBC Oppenheimer in Los Angeles.
It is the intention of ACL to distribute the North American shares
to its shareholders at a future date.
US Dollar checks for the final dividend on the American Shares
in PLC converted at the sterling/dollar rate of exchange current in London on May 24, 1996 will be mailed on May 31, 1996, to holders of record at the close of business on April 17, 1996.