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Blockbuster Wagamama deal squeaks through as dissenters face ‘savage’ loss

The Restaurant Group has prevailed in its battle with shareholders after a controversial £559m takeover of Wagamama was voted through.

But with 40% of investors voting against the “transformational” acquisition, shares plunged to fresh multi-year lows.

Dissenting shareholders were angered at the prospect of being forced to participate in a deeply discounted rights issue or else crystalise eye-watering losses.

Click here for the full Telegraph article

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