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Birmingham Post

Business

Jon Robinson

Pivotal vote on Interactive Investor's £1.5bn takeover delayed over paper shortage

Interactive Investor Abrdn

A pivotal vote on a £1.5bn takeover of Manchester-headquartered Interactive Investor has stalled because of a shortage of paper.

UK takeover rules dictate that Abrdn must send paper versions of documents to all of its one million retail investors but the firm was unable to do so, blaming an international shortage of paper.

The company was expected to complete the ballot this month but it is now set to take place in mid-March, Sky News reported.

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