Nisa members attempt to stop Co-op takeover

A group of 30 members of Nisa have hired a lawyer to help them try to halt the takeover by Co-op.

The takeover is expected to go through following the court sanction after the Competition and Markets Authority (CMA) cleared the deal last week.

The takeover was approved on the grounds that the buyout would not affect customers as Co-op is a retailer and Nisa is a wholesaler. Nisa currently has 4,000 stores under its name that are able to control stock and price themselves.

The other members of the group are not in favour of ‘Justice for Nisa’ with members claiming that the group have caused “nuisance” during takeover proceedings.

A Nisa spokesperson said: “Nisa remains confident that all appropriate legal process has been observed throughout the scheme of arrangement and vote which resulted in overwhelming member support for the Co-op’s acquisition.”

The Co-Op is set to take over Nisa in a £143m deal.

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