Abrdn and Interactive Investor deal delayed due to 'paper shortage'

News Team, 07/02/2022

Abrdn has had to delay its shareholder vote on a £1.5 billion takeover of online investment service Interactive Investor due to a shortage of paper, acccording to media reports.

Rules from The City Code on Takeovers and Mergers state Abrdn would have to send paper versions of relevant documents to shareholders before seeking approval through a planned vote on the £1.5 billion merger.

However, with around one million retail investors and global paper supply chain problems, the firm...

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