Apologies in advance if this has already been explained, but did the O-op ask to keep the shares? The only thing I’m disappointed with about yesterday is that the Co-op are no longer shareholders (for accountability/scrutiny purposes). If the Co-op did ask to keep the shares, why did Stott say no?
I know there are rules about takeovers buying out small shareholders compulsorily (which I’m not au fair with) so perhaps the Co-op keeping the shares wasn’t an option, but I’d like to hear a bit more about MS’s attitude towards the Co-op in their conversation, if possible?