UK regional carrier Flybe has rejected a demand for a general meeting from Hosking Partners, which manages 18.72% of Flybe’s shares on behalf of several investors. Hosking Partners is questioning how Flybe’s board accepted and recommended a Jan. 11 offer of £0.01 per share, at a time when the company was trading at £0.16 per share, closing the door to rival bids. They also want to know why Flybe entered a binding agreement to sell its operating businesses by Feb. 22, ...

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