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TDG shareholders accept Laxey takeover offer

Thursday 04 September 2008 12:00

TDG shareholders have accepted the £222m takeover offer made by Laxey Partners. The company's board had already agreed to support Laxey's bid. Laxey Partners has created an incorporated company called Bidco, based in the Isle of Man, to take over the logistics firm.

The deal is still subject to High Court approval - but in a statement following an Extraordinary General Meeting (EGM), TDG says it expects dealings in its shares on the London Stock Exchange to be suspended on 1 October.

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