ScS shareholders vote through £99m sale to Poltronesofà

Exterior of ScS store

It was revealed in October that ScS had agreed to the £99.4m approach and the board has now “unanimously” agreed on the cash offer, which values each ScS share at 280p.

Following yesterday’s vote, the deal remains subject to sanction by the Court at a sanction hearing, but if confirmed it is expected to become effective on January 30, 2024.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now