Nisa members approve Co-op deal worth £143million
The deal, worth £143million including costs, won the support of 75.8 per cent of members, just above the 75 per cent required to succeed.
The remaining 24.2 per cent rejected the offer, with about 60 members attending the meeting held at Leeds United Football Club’s Elland Road stadium.
Turnout was 80 per cent, with most casting proxy votes online.
Nisa’s membership of nearly 1,200 retailers will receive £20,000 up front as well as deferred payments worth over £410,000 for those who own the maximum 250 shares.
Additional rebates will be paid out over four years and the Co-op will also take... read more
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