Shareholders approve CYBG’s £1.7bn takeover of Virgin Money
CYBG, the owner of Yorkshire Bank and Clydesdale Bank, has gained the overwhelming backing from its shareholders to complete the acquisition of Virgin Money for £1.7bn.
On Monday morning, three motions about the takeover were all put forward to CYBG shareholders, where more than 96% of the votes were in favour of the recommended all-share offer for Virgin Money.
The deal was also approved by Virgin Money shareholders during a meeting later in Monday afternoon.
The takeover, which was agreed on earlier this year, will see C... 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...
