Volvo Delays Meeting on Renault Merger: The...

Volvo Delays Meeting on Renault Merger: The board of Sweden’s largest company has backed down to angry shareholders and postponed a crucial shareholders meeting called for Nov. 9 to approve its plan to merge with state-owned French car maker Renault. The meeting has been rescheduled for Dec. 7. Humbled by three weeks of stinging debate and criticism, Volvo’s managing director, Soren Gyll, acknowledged that many questions about the deal remain unanswered. Still, the Swedish Shareholders Assn., which has been leading the protest, said it plans to continue its campaign to gather enough proxies to defeat the merger.