Aveva shareholders have approved Schneider Electric’s £9.86bn takeover of the software firm.
Earlier this month, France’s Schneider – which already owns around 60% of Aveva – lifted its offer for the shares it does not own to 3,225p each from 3,100p.
Aveva and a number of its investors, such as Davidson Kempner and Glass Lewis, had rejected the initial offer, dismissing it as “opportunistic”.
At a court meeting on Friday, around 83.5% of shares voted approved the takeover, comfortably clearing the 75% threshold required.
