Waterford gets green light to buy Royal Doulton

Ian Guider

At a second extraordinary general meeting of shareholders yesterday connected with the E100 million takeover of the historic Royal Doulton china brand, the overwhelming vote was in favour of the takeover, announced last October.

Last month, shareholders approved the 100m rights issue to fund the deal. Waterford agreed a 12p a share deal with Doulton, which is being funded through a heavily discounted rights issues.