(December 7 – 09:50 ET) – Amvescap plc says it has received all the necessary regulatory clearances for its proposed purchase of Perpetual plc.

The U.K. Department of Trade and Industry, the Investment Management Regulatory Organisation and the Personal Investment Authority have now all signed off on the deal.

Amvescap says all the conditions of the offer have now been either satisfied or waived. A few days ago it received the necessary proportion of shareholder approval. The offer has now become wholly unconditional.

Amvescap says the offer will remain open for acceptance until further notice. Nevertheless, it intends to compel the outstanding shareholders to tender to its takeover.
-IE Staff