The shareholder votes needed for Yadkin Valley Financial Corp. of Elkin, N.C., to complete its acquisition of American Community Bancshares Inc. in Charlotte are back on.
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The two companies said Thursday that they had sent their shareholders supplemental information, and that the special meetings would be held April 16.
Dissension among the $1.5 billion-asset Yadkin's directors has called the deal into question. Last month the companies said they would delay the votes after a Yadkin director opposed the proxy.
