ANALYSIS: The group’s investors, bruised after annual results yesterday, might be wondering whether the board might get a second chance to consider a deal that was on the table a few months back.
Another takeover tilt will be much harder to turn down.
Arvida shareholders gave a big thumbs up to a $2 billion takeover deal on Wednesday, with the total vote 99% in favour of the deal, representing 70% of total issued capital – well above the required thresholds.
Paying $1.70 a share, investors decided Stonepeak’s offer was a good deal for stock
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