Steinhoff sees off intervention by US hedge fund as 98% of Poundland shareholder votes go in favour of purchase
South African retail group Steinhoff is to buy Poundland for more than £610m after shareholders in the discount retailer approved the deal, despite an intervention by hedge fund Elliott Advisors.
Almost 98% of votes were cast in favour of the deal at a meeting of Poundland shareholders, with 79% of shareholders voting.
Related: Poundland boss offered £2.7m in shares to stay on under Steinhoff
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/2c5kFim
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