Virgin Group, Nationwide, Banks and building societies, Money, Business, UK news, Mergers and acquisitions Business | The Guardian
The deal won approval of 89% of voting shareholders, lining up Richard Branson for a £724m windfall from saleVirgin Money shareholders have voted in favour of a £2.9bn takeover by rival lender Nationwide Building Society, helping clear the path for the biggest UK banking deal since the financial crisis.Just over 89% of voting shareholders said yes to the deal at a general meeting on Wednesday, while nearly 11% rejected the move. The resolution required at least 75% backing to pass. Continue reading…
The deal won approval of 89% of voting shareholders, lining up Richard Branson for a £724m windfall from sale
Virgin Money shareholders have voted in favour of a £2.9bn takeover by rival lender Nationwide Building Society, helping clear the path for the biggest UK banking deal since the financial crisis.
Just over 89% of voting shareholders said yes to the deal at a general meeting on Wednesday, while nearly 11% rejected the move. The resolution required at least 75% backing to pass.
