30th Aug 2019 17:21
(Alliance News) - Retail and manufacturing software developer Sanderson Group PLC said Friday shareholders approved the GBP90 million cash takeover from private equity firm Aptean Ltd.
At the start of August, Aptean - controlled by TA Associates and Vista Equity Partners - offered 140 pence per share for Sanderson. This was a 10% premium to the share price just prior to the deal being announced.
On Friday, Sanderson said the acquisition was approved by 97% of shareholder votes cast were in favour of the deal.
Shares in Sanderson closed 1.0% lower at 138.54 pence in London on Friday.
Related Shares:
SND.L