Railtrack investors accept ‘probable’ unlawful actions

Railtrack Group shareholders have voted to accept the Government’s bid for Railtrack plc with the deal allowing recoupment of around 250p per share. In doing so, group chairman Geoffrey Howe pragmatically noted that although Mr Byers’ actions were ‘probably unlawful’ that in considering litigation ‘you don’t know if you will be successful, you don’t know how long it will take, how much it will cost, or how much you will get.’