Waterford Wedgwood said today it had received valid acceptances in respect of the €58 million worth of Royal Doulton shares under its recommended cash offer.
This represented about 90.73 per cent of the shares involved in the offer.
The company is to compulsorily acquire all of the outstanding Royal Doulton shares which will be delisted on February 15th.
Earlier this month, more than 99 per cent of shareholders voted in favour of the motion to buy the British group.
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Waterford Wedgwood, which already owned 21 per cent of its British rival, has reached agreement with the Royal Doulton board for its bid.
The acquisition will be funded through a €100 million five-for-three rights issue of Waterford Wedgwood shares at six cents per share.