Arbitron Stockholders Approve Sale To Nielsen
April 16, 2013 at 2:16 PM (PT)
ARBITRON INC. stockholders have voted to approve the acquisition of the Company by NIELSEN HOLDINGS. Approximately 98.99% of the shares voting at today’s Special Meeting of Stockholders voted in favor of the agreement and plan of merger. These shares represented approximately 77.11% of total outstanding shares of ARBITRON common stock as of the MARCH 8th, 2013 record date for the Special Meeting.
The proposal to approve, on an advisory (non-binding) basis, the compensation that may be paid or become payable to ARBITRON named executive officers in connection with the merger and the agreements and understandings pursuant to which such compensation may be paid or become payable was approved by 87.86% of the shares voted at the Special Meeting, representing approximately 68.44% of the outstanding shares of the Company's common stock. Approximately 9.55% of shares voted against this proposal.
As previously announced on DECEMBER 18th, 2012, ARBITRON and NIELSEN entered into a definitive agreement for NIELSEN to acquire all of the outstanding common stock of ARBITRON for $48 per share in cash. The transaction remains subject to certain regulatory approvals, including expiration of the HART-SCOTT-RODINO antitrust waiting period, and customary closing conditions.