UK: Fortnum & Mason set to agree to Canadian takeover bid from Weston family
Shareholders of upmarket department store Fortnum & Mason are expected to give a reluctant go-ahead to takeover by Wittington Investments at the firm's extraordinary meeting today [Monday]. Wittington Investments, which is owned by the high-profile Weston family of Canada, already controls nearly 90% of Fortnum's stock and has offered a buy out deal of £6 (US$8.5) a share, which values the company at £57.4m.
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