Sunday, April 1, 2007

Veda Advantage board agrees to buyout offer

(Reuters) - Veda's biggest shareholder Allco Equity Partners Ltd. , which has a 17.3 percent stake, has agreed to support the deal subject to a significant change in market conditions and in the absence of a superior offer.

Still, concerns may loom over the eventual success of the transaction with several institutional shareholders protesting a raft of recent private equity buyouts.


Read more at Reuters.com Business News

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