Shareholders approve e-Rewards acquisition of Research Now
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UK— Research Now investors today overwhelmingly approved e-Rewards’ takeover bid for the online fieldwork provider at a general meeting in London.
Ninety percent of shares were voted in favour of the deal, which will see e-Rewards pay 430 pence a share for Research Now, valuing the company at £85m.
E-Rewards already had the support of 70% of the firm’s shareholders going into the meeting. The takeover is expected to be completed around mid-December.
Research Now CEO Chris Havemann (pictured) will be responsible for running the enlarged e-Rewards Group as CEO, and will take a seat on the board alongside RN chairman Geoff Westmore.
Hal Brierley, currently CEO and chairman at e-Rewards, will take the role of chairman.
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