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

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