Chaucer takeover wins 99% shareholder approval
The Hanover's proposed £313mn takeover of Chaucer has been approved by more than 99 percent of shareholders who voted at its pre-takeover meeting today (7 June).
The success of the Chaucer board and The Hanover in securing shareholder support suggests the deal will now rapidly proceed to completion.
The proposed takeover of the Lloyd's insurer is by means of a scheme of arrangement - a voluntary agreement involving shareholders that is subject to court approval.
As such, the takeover requires...
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