Nisa shopkeepers are seeking to block a £143m takeover offer by the Co-operative Group.

According to national press, some shopkeepers claim the terms offered by the Co-op are unfair and want to halt the merger. This comes ahead of the upcoming vote on the deal, which is due to take place next week and requires more than half of shareholders to support the proposition.

Last month, TheBusinessDesk.com reported that the board of Scunthorpe-based retailer Nisa had unanimously recommended to its shareholders an offer of up to £137.5m from The Co-op Group as the takeover moved forward.

Under the recommended offer, each member would receive £20,000 cash when the takeover is completed. The remaining payments, totalling £137.5m, would be paid over four years.

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