Getty Images Stockholders Vote to Approve Acquisition

Jun 24, 2008


      Bookmark and Share

Getty Images, Inc., creator and distributor of multimedia products, announced that its stockholders voted to adopt the merger agreement providing for the acquisition of Getty Images by affiliates of the private equity firm Hellman & Friedman LLC. Under Delaware law, the merger agreement was required to be adopted by the holders of a majority of the shares of the company’s common stock outstanding on the record date of May 20, 2008. Holders of approximately 75% of these shares voted in favor of the adoption of the merger agreement, representing 96% of the votes cast. Under the terms of the merger agreement, Getty Images stockholders will receive $34.00 in cash, without interest, for each share of Getty Images common stock held at the effective time of the merger.

(www.gettyimages.com)