Equipment rental company Aggreko’s 2.3 billion pounds ($3.20 billion) takeover by private equity firms is in doubt because its biggest shareholder Liontrust Asset Management plans to oppose the deal, Sky News reported on Wednesday.
Liontrust Asset Management, which holds 12% stake in Aggreko, has decided to vote against the deal, the report said.
The deadline for the investors to decide is due to expire on Thursday, the report added.
Aggreko declined to comment. Liontrust said it had no comment.
Last month, Aggreko recommended a 2.3 billion pound buyout offer from private equity firms TDR Capital LLP and I Squared Capital.
Source: Reuters.com