83% of Booker’s investors are reported to have voted in favour of the transaction despite recent calls by shareholder advisory groups to reject Tesco’s cash-and-shares offer [more]
- With 83% of Booker’s investors in favour of the transaction, despite recent calls by shareholder advisory groups for an improved Tesco cash-and-shares offer...
- …this has to mean that shareholders believe that there is a greater long term value in the deal…
- It also indicates that most Tesco-Booker initiatives will be supported...
- Only issue will be what happens if the company cannot improve its bottom line in the process...
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