Templeton Gets Fondul Proprietatea To Buy Back 600 Million Shares To Save Its Mandate

09.26.2013 By Roxana Pricop

Fondul Proprietatea’s plan to launch a public tender offer to buy back 600 million or 4.35% of its own shares could be the last chance for Franklin Templeton, the fund’s manager, to keep its mandate. The administrator of Fondul Proprietatea is increasingly pressured by the fund’s major shareholders, who are unhappy with the results and are already seeking a new manager.

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Keywords:
Fondul Proprietatea
, franklin templeton
, stock
, shares