Invensys Holders Approve Takeover by Schneider Electric
10 Oktober 2013 - 5:52PM
Dow Jones News
French electrical equipment maker Schneider Electric SA (SU.FR)
said Thursday its acquisition of industrial and commercial
technology company Invensys (SYS.LN) was approved by an
overwhelming majority of Invensys shareholders.
MAIN FACTS:
- At the General Meeting of shareholders, 99.95% of the shares
voted were in favor of the special resolution to approve the
scheme, well above the 75% threshold required.
- Completion of the transaction remains subject to the
satisfaction or waiver of certain other conditions set out in the
Scheme Document. They include the obtaining of certain regulatory
approvals as well as the Court sanctioning the Scheme and the
associated reduction of Invensys' share capital at Court
hearings.
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