Shareholders of Gooch & Housego PLC have approved a $250 million cash acquisition by Arlington Capital Partners, the company said on Wednesday.
The approval follows two separate votes held under the U.K. Companies Act 2006. In a court meeting, 79.17% of voted shares backed the scheme, representing 55.46% of eligible shares. Of the 172 shareholders who voted, 147 supported the deal while 25 opposed it. A subsequent general meeting saw 78.64% of voted shares, totaling 14.7 million, favor the resolution, with 4.0 million shares voting against.
The transaction is structured as a court-sanctioned scheme of arrangement, a legally binding process under U.K. law. The deal’s approval satisfies two key conditions, though it remains subject to final court sanction expected in the fourth quarter of 2026. Gooch & Housego said it will disclose any updates to the timeline via regulatory filings and its corporate website.
The optical components manufacturer, listed on the London Stock Exchange, had 27.4 million shares outstanding at the record date for voting. The acquisition is recommended by the company’s board and will be executed through Greenlight Bidco Limited, an entity indirectly controlled by Arlington Capital Partners VII, L.P.
The scheme document was published on July 30, following the initial announcement on July 16. Gooch & Housego did not disclose additional financial terms beyond the $250 million valuation.
