The Pharmaceutical Journal
Vol 279 No 7477 p517
10 November 2007

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NPA takeover bid for PMI fails

Pharmacy Mutual Insurance Company policyholders voted overwhelmingly this week to accept a takeover offer from the National Pharmacy Association.

But PMI’s procedural rules meant that three members who voted in person, rather than by proxy, were able to block the takeover, which was supported by 99 per cent of 4,300 proxy votes.