Greene King shareholders approve 774 million pounds takeover of Spirit
Reuters
Published Jan 13, 2015 15:50
Updated Jan 13, 2015 16:00
Greene King shareholders approve 774 million pounds takeover of Spirit
LONDON (Reuters) - British pubs group Greene King (L:GNK) said its shareholders gave their blessing to its plan to acquire rival Spirit Pub Company (L:SPRTC) for 774 million pounds.
The takeover was agreed in November and followed Spirit's rejection of an earlier approach from Magners cider maker C&C Group (I:GCC).
"The combination of Greene King and Spirit will create the UK's leading managed pub company and deliver significant value for shareholders," Greene King's chief executive Rooney Anand said in a statement.
Over 99 percent of investors in Greene King voted in favour of the deal at a meeting on Tuesday.
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Written By: Reuters
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