Premier Veterinary Group PLC - pet care services firm - Will hold general meeting on September 24 for shareholders to vote on acquisition of Simplyhealth Group Ltd's pet healthcare plan business The Animal Healthcare Company Ltd. In mid-August, company agreed to acquire business for GBP6.6 million.
Deal is conditional on shareholder approval, receipt of confirmation from the Competition & Markets Authority that it does not propose to examine the acquisition or, where the regulatory body does review the buy, a receipt of a decision by the CMA that it does not intend to refer the acquisition to an in-depth Phase 2 investigation.
Also conditional on delisting of Premier Veterinary's shares. As a result, effective date of delisting has been deferred to September 25.
Current stock price: 27.00 pence
Year-to-date change: down 56%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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