Sepura Shareholders Approve Hytera Acquisition, Regulatory Approvals Still Needed
Thursday, February 09, 2017 | Comments

Sepura shareholders voted to approve the recommended cash offer made by Bidco, a wholly owned subsidiary of Hytera Communications, to acquire the entire share capital of Sepura.

At a 9 February court meeting, 97.07 percent of Sepura scheme shareholders voted in favor of the transaction. Approvals from the competition authorities in Spain and Germany remain outstanding, and Sepura and Hytera executives are liaising with the relevant authorities regarding the outstanding conditions to the acquisition.

The court hearing to sanction the scheme will be held in early to mid-March. Sepura will announce a further update on timing for the closing of the acquisition.

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