Hargreaves Lansdown shareholders approve £5.4bn take-private deal
Hargreaves Lansdown's shareholders have approved the £5.4bn take-private offer in a crucial vote.
There was some dissent, with 29% of voting shareholders seeking to block the deal for the Bristol-headquartered wealth management firm.
Investment firm Lancaster Investment Management, which has a £21m stake in Hargreaves Lansdown, has been critical of the "two-tiered offer" which will see up to 35% of the shares roll over into the new private company and is seen as benefitting larger shareholders.
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