Difficulty securing enough paper to mail to each of its investors has forced abrdn to delay its £1.5bn takeover of interactive investors, Sky News has reported.
Under UK takeover rules, firms must send a physical copy of the documents to each shareholder before a vote can be conducted.
A combination of supply chain issues and the need to source more than a million copies for its shareholders has meant abrdn has delayed its vote on the takeover to mid-March.
abrdn and interactive investor deal 'a bold move'
It had originally hoped to hold the vote before its results on 1 March.
A spokesperson for abrdn said: "We would have liked to get the shareholder circular out a little earlier but have had to work around the paper supply problems as we are required to write to over a million shareholders."
