Majority of £27m health services provider's shareholders green light acquisition

Social housing specialist Mears has had its December offer for health services provider Supporta agreed by the firm's shareholders.

Mears said in a statement today that the offer, which valued the firm at £27m, had now been accepted by 94.6% of Supporta shareholders, and it was therefore proceeding with the acquisition.

Following the takeover, Supporta shares will be de-listed on the stock exchange, and the directors are to leave the company, to be replaced by Mears' chairman and finance director, Bob Holt and Andrew Smith.