IN BRIEF: Vectura to delist on October 19 after Philip Morris takeover

Vectura Group PLC - Chippenham-based inhalers - Delisting expected on October 19 as holders of 78% of shares support the 165 pence-per-share takeover by Philip Morris International Inc, the tobacco company says. Remaining shareholders have until September 30 to accept the offer. PMI plans to use its right to compulsorily buy out minority shareholders if it reaches 90% acceptances.

Current stock price: 165.00p

Year-to-date change: up 32%

By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.