Shareholders in Veritas Investments, a listed shell company, have approved the acquistion of the Mad Butcher butchery chain.
Veritas bought the Mad Butcher from owner and chief executive Michael Morton for $40 million last year.
Chair Mark Darrow said the board is very pleased shareholders have shown such strong support for the acquisition.
Veritas Investments is selling up to $25 million worth of shares with allotment to be completed on 8 May.