Snowball one step closer to takeover
Snowball Group has announced that it has reached an acceptance rate of 61 per cent from Shadforth Financial Group Holdings shareholders for its offer to takeover the company as of Friday 17 June.
This leapt up from an acceptance rate of 39.05 per cent on Thursday 16 June, with another 20 per cent of shareholders accepting the offer in one day.
Snowball still need an acceptance rate of 75 per cent by 8 July in order to receive shareholder approval for the offer.
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