Resolution takeover gets 96% shareholder approval

At court and general meetings today, 1429 scheme shareholders, 95.84%, voted to approve the acquisition – with 62 against the arrangement. Resolution chairman Clive Cowdery last month labelled the 720 per-share acquisition “fair and reasonable”. As part of the forthcoming deal, Royal London has agreed to purchase the Scottish Provident brand. Following on from the vote, the acquisition is expected to be effective on 4 February, with cancellation of the company's listed shares to be carried out two days later. To comment on this story, contact: Hysni Kaso Reporter 0207 034 2681 Hysni.Ka...