Shareholders in UK snack maker Glisten today (12 March) gave the green light to the sale of the business to Finnish food group Raisio.

The investors backed the EUR22.8m (US$31.3m) deal, announced by the two companies last month, at a special meeting this afternoon.

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Two court hearings will be held next month to approve the takeover but, should the deal go through, Glisten shares are expected to be delisted from the London stock exchange on or around 8 April.

When Raisio announced its bid to buy Glisten in February, the UK group’s chairman hailed the deal as a “win-win” for both businesses.

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