R&Q delays shareholder vote on takeover
R&Q has postponed the shareholder vote on being bought by Brickell until 25 May.
The cash deal valuing Randall & Quilter Investment Holdings at £482m was revealed at the start of April and was due to be voted on at a special general meeting on 20 May.
However at the meeting it was adjourned until 4pm on Wednesday.
Under the terms R&Q shareholders will get 175p per share, a premium of approximately 20% on the closing price the day before the takeover plan was announced.
Bermuda-headquartered R&Q is a non-life global specialty insurance company focusing on program
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