RWE has announced that its cash offer for Innogy, made on 22 March 2002, has been accepted by 83 per cent of the company's shareholders and has received both EU and US approval. The offer is now considered unconditional and binding. All Innogy shareholders who accepted the offer in the nine weeks to 27 May will receive the stated offer of 275 pence for each Innogy share and 2750 pence in cash for each Innogy ADS share. RWE is expecting to acquire the outstanding shares in the near future.
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