The trading of Morse shares will be suspended on the London Stock Exchange (LSE) tomorrow as it takes a step closer to finalising its acquisition by 2e2.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
In a statement made to the market today, services-based reseller Morse confirmed that the agreement between the company and its shareholders was approved by the courts.
"Morse and 2e2 are pleased to announce that the Scheme of Arrangement has been sanctioned by the Court today," it stated.
The Scheme of Arrangement is due on 21 June and the company added "Morse has applied for its shares to be suspended with effect from 7.30am on 17 June 2010."