F&C Shareholders OK $1.2B Takeover By BMO

Law360, New York (March 25, 2014, 1:00 PM EDT) -- Shareholders in F&C Asset Management PLC overwhelmingly approved a £708 million ($1.17 billion) buyout by Canada's BMO Financial Group, the British asset management firm announced Tuesday.

According to a statement from F&C, 99.6 percent of the firm's shareholders voted to approve the transaction, which was originally announced in January. British insurer Aviva PLC, the largest F&C shareholder with a 12.1 percent stake, had already thrown its support behind the deal.

In a statement, F&C said that trading in its shares would be suspended on May 6,...
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