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HH Global's takeover deal gains green light

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InnerWorkings will become a subsidiary of HH
InnerWorkings will become a subsidiary of HH

Shareholders at InnerWorkings have approved the firm’s mega-merger with HH Global.

A special meeting of shareholders was held on 24 September, with the result confirmed on Friday (25 September).

The $177m (£137.4m), $3-a-share, all-cash deal was announced in July.

It will see US-headquartered InnerWorkings become a wholly-owned subsidiary of fast-growing HH Global, which is headquartered in Leatherhead.

The two companies both provide marketing services and business process outsourcing, to clients including Adidas, Unilever, HSBC, FedEx, Asda, Google and Procter & Gamble. 

The deal is expected to complete on 1 October.

InnerWorkings had sales of $1.16bn in its most recent financial year, while HH Global had sales of £397.3m in the year to 31 March 2019.

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