Paper shortage delays vote on abrdn's interactive investor takeover - reports

Mid-March

James Baxter-Derrington
clock • 1 min read

Difficulty securing enough paper to mail to each of its investors has forced abrdn to delay its £1.5bn takeover of interactive investors, Sky News has reported.

Under UK takeover rules, firms must send a physical copy of the documents to each shareholder before a vote can be conducted. A combination of supply chain issues and the need to source more than a million copies for its shareholders has meant abrdn has delayed its vote on the takeover to mid-March. It had originally hoped to hold the vote before its results on 1 March. The transaction will see abrdn acquire 100% of the ordinary share capital of ii, which includes that of majority stakeholder, JC Flowers IC LP. ii will operate as a standalone business and independent brand withi...

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