Acquisition of Doulton shares

Troubled luxury goods group Waterford Wedgwood has announced details of its compulsory acquisition of outstanding shares in British chinaware manufacturer Royal Doulton.

Royal Doulton shares will be delisted from the London Stock Exchange on February 15.

Waterford has already received undertakings from more than 90% of shareholders to sell their shares and will buy out the remaining shares under the terms of legislation governing takeovers.