The shareholders of crystal maker Waterford Wedgwood and porcelain firm Royal Doulton respectively have given their overwhelming approval for the Waterford Wedgwood acquisition of Royal Doulton.
Wate…
The shareholders of crystal maker Waterford Wedgwood and porcelain firm Royal Doulton respectively have given their overwhelming approval for the Waterford Wedgwood acquisition of Royal Doulton. Waterford“s offer has now been declared unconditional; as a result, Royal Doulton will join the Official List of the UK Listing Authority and all trading of Royal Doulton shares on the London Stock Exchange will cease from 15 February 2005. In a recent rights issue, Waterford raised approximately USD 1.3 million for the purchase of Royal Doulton. For every three shares held, shareholders had the opportunity to acquire five new Waterford Wedgwood shares at slightly below market price. At a general meeting held in Dublin earlier in January 2005, 99% of Waterford“s shareholders approved the purchase of Royal Doulton, a decision followed shortly afterwards by the agreement of Royal Doulton shareholders.