Abrdn will write to investors this week to seek their approval next month for the acquisition of the UK’s third-biggest stock-picking platform, Sky News understands.
It will rank as one of the more unusual reasons for delaying a vote on a major corporate deal: Abrdn, the FTSE-100 fund manager, has been forced to wait to ballot its shareholders on a £1.5bn takeover of the stock-picking platform Interactive Investor because of an international paper supply crunch.
Under UK takeover rules, companies must send paper versions of documents to shareholders - a requirement which has proved challenging for abrdn, with its army of more than 1m retail investors.
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