Carpetright shareholders back Meditor bid

Carpetright shareholders have backed the £15.2m takeover of the group by its largest shareholder and owner of its borrowings.

Just under 75% of shares were voted in favour of the deal, which is expected to be completed in the first quarter of this year. Several major shareholders had previously committed to the takeover by Meditor and the Carpetright board had recommended it, warning that it needed to raise £80m.