Telenor seeks injunction to derail VimpelCom acquisition

Telenor, seeking an order that would require VimpelCom to issue extra shares in its favor at the same time that it issues shares for Wind, announced yesterday it had petitioned the Commercial Court in London for an injunction that would see those shares placed in escrow until the conclusion of the arbitration proceeding that it launched on Jan. 28.

This action could potentially derail the $6 billion acquisition of Wind by VimpelCom.

Source: WSJ