A group of banks will buy the stock not taken by shareholders.

But four companies declined to put their options plans to a vote by shareholders.

It declined to 12.8 percent as a result of capital investments by other shareholders.

Earlier on Tuesday the acquisition won approval by shareholders of both companies.

Its 23 percent stake could probably not prevent approval by other shareholders.

"I would not be surprised to see him targeted this year by shareholders as the director they love to hate."

The agreement is also subject to approval by regulators and shareholders of both companies.

Just two years later Andrew was removed from control of the company which bore his name by its shareholders.

The transaction is expected to be completed in the summer following approval, among other things, by the companies' shareholders.

The acquisition is expected to close in 1996, subject to approval by regulators and shareholders.