Acquisitor move to oust Baltimore board

A struggle has broken out for control of Baltimore Technologies, the former £5.2bn (€7.7bn) dotcom success, after its biggest shareholder, Acquisitor Holdings, said it plans to call an extraordinary meeting at which it intends to seek the removal of the entire Baltimore board.

Baltimore said the moves by 10% shareholder Acquisitor were "opportunistic"and were "designed to secure control of the company and its assets without paying a premium to shareholders by making a formal offer for the company.