Getty Stockholders Approve Buyout

Posted on 6/20/2008 by Julia Dudnik Stern | Printable Version | Comments (1)



Getty Images has announced that its stockholders adopted the merger agreement with Hellman & Friedman. Holders of approximately 75% of the company's outstanding common shares voted in favor of the deal. This equaled 96% of the votes cast by holders of common shares, thus satisfying the legal requirement of Delaware. The merger agreement was also adopted by 95% of majority stock holders, other than Getty Investments, Mark Getty, The October 1993 Trust, Cheyne Walk Trust, Ronald Family Trust B and Jonathan Klein. The transaction is expected to close in late June.


Copyright © 2008 Julia Dudnik Stern. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz

Comments

  • Bill Bachmann Posted Jun 24, 2008
    Let's hope the new owners treat the photographers (and photography in general) much better.

    It always amazes me that when they sell a collection of photographers' work (and that is what they are!) that they never share tht amazing amount of money with the photographers! Without the imges, they would be WORTHLESS with a bunch of offices and computers with no way to make money.

    I am not even a Getty photographer but why no direct 5-10% to be divided among the photographers who made them valuable....


    Bill Bachmann
    Orlando, Florida

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