14 Jun 2016

Nuplex says voter turnout critical to takeover success

From Business News, 6:52 am on 14 June 2016

The resins maker, Nuplex Industries, says the billion-dollar takeover offer from Allnex, won't go ahead unless it can get a large majority of shareholders to approve the deal. The deal needs 75% of the votes cast to be in favour of the scheme, and the yes votes must represent more than half of the total number of Nuplex shares, for the takeover to go ahead .. so the hurdle's quite high.

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