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Majority of shareholders in Smart Metering Systems back takeover by US firm

Bid of 955p per share in cash has been opposed by founders of Smart Metering Systems

Buying a US counterpart using shares is a daring but tempting course for many non-US companies. Global clout depends on having a strong US presence. In many industries, the publicly traded US players command higher valuations

Wall Street’s “Masters of the Universe” pride themselves on spotting money making opportunities. The latest prize on offer? The smart meter in your home.