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Little World Beverages Limited (ASX:LWB) shareholders have approved the $362 million takeover bid from Gaelic Investments Pty Ltd, a wholly owned subsidiary of Lion Pty Ltd.
An overwhelming 99.97 per cent were in favour of the deal that will see the company delist from the ASX becoming a wholly owned subsidiary of the Japanese brewer Kirin Bewery.
The deal is pending Federal Court approval. Little World expects shares to be suspended from trading tomorrow and has declared a fully franked special dividend of 20 cents per share.
Under the terms of the agreement, shareholders will receive a total payment of $5.30 per share.
Little World generated a net profit of $11.6 million in the 2012 financial year.
