11th Aug 2016 08:57
LONDON (Alliance News) - Hydro International PLC early Thursday requested its shares be temporarily suspended from trading on AIM pending an announcement.
Shares in the storm and waste water management company closed up 2.0% at 197.90 pence on Wednesday.
Hydro on Monday said its shareholders voted in favour of the company's proposed takeover by asset manager Hanover Investments Management LLP.
The company had said at the time that completion of the takeover was subject to other conditions, include acceptance by the UK Competitions & Market Authority, but noted that if all conditions were met, the acquisition was expected to take place in mid-August.
By Hannah Boland; [email protected]; @Hannaheboland
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