The commercialisation firm has secured the approval of more than 90% of shareholders required to force a hostile takeover of Touchstone Innovations.
UK-based commercialisation firm IP Group yesterday revealed it has secured the approval of shareholders holding a 90.1% stake between them in peer Touchstone Innovations, according to Alliance News.
The figure means IP Group has broken through the 90% threshold required to force a hostile takeover of Touchstone Innovations, the commercialisation firm spun out from Imperial College London, and compulsorily purchase the remaining stake.
Imperial College previously said it was in favour of the deal, choosing to side against Touchstone’s board…
