This story was based on an article published by the daily upside, if you enjoy business stories like this one make sure to sign up to their free email newsletter at A major asset management firm has had to delay a shareholder vote on a 1.5-billion-pound acquisition deal, not because it couldn’t secure funding and not because of regulators, but because it simply ran out of printer paper.
Supply shortages are impacting everything from restaurants to car manufacturers right now, but ABRDN ran into a unique problem when it wanted to put a vote to it’s 1.1 million shareholders, it couldn’t get its hands on enough paper to print the 120-page acquisition document.
132 million pieces of paper is not something you can pick up at your local Dunder Mifflin branch and the market is being stretched even further by demand coming from online retailers and their cardboard boxes.
You might think this could all be solved by a wild new invention called email, but unfortunately UK law specifies that companies must sent printed paper forms to all shareholders prior to major decisions.
This story was based on an article published by the daily upside, if you enjoy business stories like this one make sure to sign up to their free email newsletter.
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