Tyman Shareholders Approve Quanex Acquisition

Tyman plc (GB:TYMN) has released an update.

Tyman plc has announced a successful vote by shareholders to approve a cash and share acquisition by Quanex Building Products Corporation, with the transaction expected to be finalized on August 1, 2024. The approval follows a scheme of arrangement under the Companies Act, with a Court Hearing scheduled for July 24, 2024. This strategic move promises to deliver a special interim dividend to eligible Tyman shareholders, aligning with the completion of the acquisition process.

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