Nuplex shareholders OK $1 billion Allnex takeover

Thu, 07 Jul 2016

By Fiona Rotherham July 7 (BusinessDesk) - Sixty-four years after it was founded and 49 years since it listed on the NZX, New Zealand-based global resins company Nuplex Industries is set to pass into the hands of private equity-backed Belgian company Allnex following a shareholder vote today. Proxy votes filed to the NZX and ASX this morning made Allnex’s $1 billion takeover bid a fait accompli ahead of today’s vote at Nuplex’s special meeting of shareholders where many long-time investors expressed their disappointment at the change of o...

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