Paper shortage delays vote on abrdn's interactive investor takeover - reports


James Baxter-Derrington
clock • 1 min read
It had originally hoped to hold the vote before its results on 1 March.

It had originally hoped to hold the vote before its results on 1 March.

Difficulty securing enough paper to mail to each of its investors has forced abrdn to delay its £1.5bn takeover of interactive investors, Sky News has reported.

Under UK rules, companies are required to send a printed circular to all shareholders when undertaking large deals. A combination of supply chain issues and the need to source more than a million copies for its shareholders has meant abrdn has delayed its vote on the takeover to mid-March. abrdn and interactive investor deal 'a bold move' It had originally hoped to hold the vote before its results on 1 March. A spokesperson for abrdn said: "We would have liked to get the shareholder circular out a little earlier but have had to work around the paper supply problems as we are req...

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