AFH Financial Group PLC - UK-based investment advice company - Says the requisite majority of shareholders voted in favour of AFH Financial's takeover by Cortina Bidco Ltd at the reconvened general meeting.
In January, AFH agreed to the GBP224.5 million takeover by Cortina, a company controlled by funds managed by Chicago-based private equity firm Flexpoint Ford LLC. Under the acquisition's terms, Flexpoint will acquire the wealth manager for 463 pence per share.
Current stock price: 474.10 pence, down 0.2% on Friday
Year-to-date change: up 38%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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