SHAREHOLDERS at Nautical Petroleum have voted in favour of a £414 million takeover by Cairn Energy subsidiary Capricorn.
At a meeting held yesterday, 98% of the votes cast backed the acquisition while only eight out of 188 shareholders were against the proposal.
The board of London-based Nautical has previously backed the 450-pence-per-share offer which is a 51% premium on the closing price from the day before the deal was announced.
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