ScS shareholders vote through £99m sale to Poltronesofà
The £99m takeover of ScS by Italian sofa retailer Poltronesofà has been given the go-ahead after shareholders voted in favour of the deal yesterday.
It was revealed in October that ScS had agreed to the £99.4m approach and the board has now “unanimously” agreed on the cash offer, which values each ScS share at 280p.
Following yesterday’s vote, the deal remains subject to sanction by the Court at a sanction hearing, but if confirmed it is expected to become effective on January 30, 2024.
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