Aegis Shareholders Accept Dentsu's £3.16bn Offer

Aegis shareholders have accepted the offer made by Japanese ad giant Dentsu to buy the company - including the Aztec retail information and scan-data business - for a total price of £3.16 billion.

Dentsu placed its offer for Aegis back in June, in a bid valued at 240 pence in cash for each share held.

In the shareholder meetings held earlier today, 559 scheme shareholders voted in favour of the takeover, while just 15 voted against.

Aegis, which is led by CEO Jerry Buhlmann (pictured), said in a statement that the acquisition remains subject to the satisfaction or waiver of the remaining conditions, including receipt of certain anti-trust clearances. However, completion of the deal is expected to occur in the fourth quarter of 2012.

Web sites: www.dentsu.com and www.aegisplc.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.