Pearl to complete Resolution takeover on 4 Feb

In its shareholder documentation published today, Resolution announced the timeline to the Hugh Osmond-led 720p per share Pearl takeover. The acquisition will need to get the thumbs up at a special court meeting and general meeting scheduled for 9 January. “The Resolution directors, who have been so advised by Citi and Lazard, consider the terms of the acquisition to be fair and reasonable,” Resolution chairman Clive Cowdery says. If all criteria are satisfied, cancellation of the company's listed shares is expected to be carried out on 6 February. As part of the forthcoming deal, it wa...