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Italian firm get acceptances for 90 per cent of Vega |
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Written by Sam Fountain
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Thursday, 17 January 2008 |
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The Italian buyer of local space, defence and aerospace company, Vega has told its shareholders that the group has received valid acceptances for over 90 per cent of the UK firm.
The CEO of Milan-based Finmeccanica said the company had received valid acceptances in respect of a total of over 19 million Vega shares representing approximately 93.3 per cent of its issued share capital.
Breaching the 90 per cent mark was one of the conditions Finmeccanica laid down for the success of the operation, when it made the £61.6m offer back in November last year.
During the shareholders meeting at which the announcement was made, the Italian firm also said that it intends to proceed with the delisting of Vega after the acquisition has completed.
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