TVS Takeover Goes One Step Further

TVS shareholders have agreed to allow the bid by International Family Entertainment to go ahead, following a meeting yesterday to discuss the issue.

The decision does not mean that IFE will now have an easy path to follow, however, as preference shareholders are still opposing the bid which could lead to a total block in proceedings. Advisor, Julian Tregar, has called for a renegotiation of the deal to pacify the opposing team.