November 13, 2017 / 12:37 PM / in a month

Members of UK convenience retailer Nisa back Co-op takeover

LONDON (Reuters) - The shopowner members of Nisa Retail, the British wholesaler and convenience retailer, on Monday voted in favor of the Co-operative Group’s (42TE.L) 137.5 million pounds ($180 million) takeover.

Nisa said that at a court meeting held in Leeds, northern England, members voted 75.8 percent in favor of the Co-op’s offer.

    The offer still requires clearance from Britain’s Competition and Markets Authority (CMA) which Nisa said was expected around March next year.

    ($1 = 0.7639 pounds)

    Reporting by James Davey, Editing by Paul Sandle

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below