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Biffa shareholders approve of private takeover

Biffa shareholders agreed to take proposals for the companys takeover bid forward in a court meeting held yesterday (March 12 2008).The waste company has already recommended a £1.2 billion offer from private equity firms Montagu and Global Infrastructure Partners and at the court meeting the board reached an agreement on the terms of a recommended acquisition.More than 87% of voting shareholders were in favour of the takeover. A Biffa statement said: At the court ...