Deal needs 75% acceptance to go through

Some 55.2% of Lloyd’s broker THB’s shareholders have agreed to vote in favour of the takeover offer from UK broking group AmWINS.

On 14 November AmWINS offered 80.55 pence per THB share for the company, valuing THB at £31.8m.

The deal needs approval from shareholders representing 75% of THB’s outstanding shares to go through. The deal had acceptance from shareholders representing 50.8% of the outstyanding shares as of 14 November.

The acquisition, if completed, will boost AmWINS’s premium distribution volume to $6.7bn (£4.3bn).

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