Center Parcs shareholders agree Forest Bidco's offer
18 April 2006
Forest Bidco's acquisition of Center Parcs has been agreed by the leisure group's shareholders.
At the court meeting and extraordinary general meeting, held on 18 April, more than 75% of shareholders votes were needed in favour of the buyout.
Forest Bidco, formed under the direction of The Blackstone Group, will pay 80p in cash per Center Parc share.
The court hearing is scheduled for 10 May with the de-listing of Center Parcs shares expected on 15 May. The scheme will be effective as of 12 May.
By Alix Young
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