Co-op takeover of Nisa faces resistance before crunch shareholder vote

Convenience chain says there is growing support for offer but others cast doubt on it achieving required proportion of votes

The Co-op’s £143m takeover of convenience chain Nisa is to go to the wire after a series of stormy shareholder meetings before a vote on Monday.

Nisa said the feedback from recent shareholder meetings suggested growing support for the Co-op offer but other people familiar with the process expressed concern that it would not secure the 75% share of votes required to succeed.

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from Mergers and acquisitions | The Guardian http://ift.tt/2hlQhTI