A vote which would have decided the fate of 3i's mooted £966m take-private offer for Countrywide was postponed yesterday. Sources reported that an unofficial vote saw less than the required 75% of shareholders accepting the offer and consequently the vote was delayed. It is hoped the fortnight's grace will give the board and buyout group extra time to convince shareholders of the fairness of the offer.
Existing investors including Softbank and Lakestar reinvest in the tourism booking platform
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment
Danish internet company could reportedly be listed at a valuation of $1bn