IN BRIEF: Plant Health Care acquisition by PI Industries approved

Plant Health Care PLC - North Carolina, US-based provider of proprietary biological products for agriculture - Says court has approved takeover scheme by Gurgaon, India-based PI Industries Ltd. The companies had in June announced the agreement of the GBP32.8 million acquisition under which PHC shareholders would receive 9.0 pence in cash per share, a 57% premium on its 5.7 pence closing price at June 25. The acquisition is expected to be finalized August 20.

Current share price: 8.90 pence

12-month change: down 2.2%

By Aidan Lane, Alliance News reporter

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