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Alliance Pharma Takeover Wins Shareholder Backing After Increased Offer

 
• By Tom Gallen

Alliance shareholders overwhelmingly back takeover by DBAY Advisors after improved offer values UK-based firm at £362m.

Yes-No
• Source: Shutterstock

Alliance Pharma’s shareholders have given the green light to the firm’s takeover by DBAY Advisors after the prospective buyer upped its offer.

DBAY – which currently owns a 27.9% stake in Alliance – initially offered Alliance shareholders 62.5 pence per share, but a meeting to vote on the deal on 28 February...

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