Shareholders for Rentokil Initial and Terminix approve merger

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Shareholders for both Rentokil Initial and Terminix have approved the previously announced agreement for Rentokil Initial to acquire Terminix.

Rentokil also announced that as part of the merger Brett Ponton has been appointed chief executive of its North America region, while John Myers has been appointed chief executive of the US pest control business, reporting to Mr Ponton.

In a statement, Andy Ransom, chief executive of Rentokil Initial, said: “Today, shareholders have given their overwhelming support for the transaction, in line with the unanimous recommendations of both boards. Detailed integration plans are already in place, and we can now focus on the execution of those plans and the associated value creation for all stakeholders.”

“I’m delighted that Brett and John have agreed to lead the North American region and our US pest control business respectively. Having their immense talents at the helm will be welcomed by all colleagues and customers.

“They are highly experienced executives with proven abilities to integrate businesses and drive profitable growth. Retaining their deep knowledge of the two organisations will ensure a smooth transition and an effective integration.”

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With more than 25 years' experience in business-to-business publishing, Simon is editor of LBM titles Pest and OvertheCounter. Big fan of Manchester United.