The High Court has ruled in favour of Severn Trent's prolonged takeover of Dee Valley, blocking the attempts of an activist shareholder to flood the voting process with opposition.
The proposed £84m takeover of the Welsh water group required shareholder approval on two measures - by shareholders representing not less than 75% of the shares and by a simple majority of shareholders.
It was the second test that created the blockage in the takeover, after one shareholder made ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
