Friday, 9 January 2015

Damp squib?

If Elliott Advisers voted against today's Scheme of Arrangement to take Prezzo private, then it looks like the American hedge fund lost out by a small margin.

According to today's press release, just over 20pc of Prezzo shareholders voted against the Scheme (typically, you need 75pc approval from shareholders).



Here is a link to today's statement showing 79.3pc of shareholders voted for the Scheme: http://www.investegate.co.uk/prezzo-plc--prz-/rns/results-of-court-meeting-and-general-meeting/201501091432168092B/

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