Hellman & Friedman Acquires Getty Images

Posted on 7/2/2008 by Julia Dudnik Stern | Printable Version | Comments (0)



At the close of market on July 2, Getty Images stock will cease trading on and be delisted from the New York Stock Exchange. The company has announced the completion of its acquisition by an affiliate of the private-equity firm Hellman & Friedman. The transaction, first disclosed in late February, is valued at approximately $2.4 billion, with Getty stockholders receiving $34 per share of common stock. Stockholders will be instructed on surrendering shares in writing and should await a letter from Getty before taking action. Hellman & Friedman managing director Andy Ballard said the company's future includes both consumer and B2B offerings.



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

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