DG Shareholders Approve Sale To Extreme Reach
February 4, 2014 at 4:20 AM (PT)
Shareholders of DG (DIGITAL GENERATION, INC.) have approved the sale and merger of its radio and TV ad spot delivery business to EXTREME REACH, INC. for $485 million.
The vote was foretold in OCTOBER when major shareholders ALEX MERUELO LIVING TRUST, MERUELO INVESTMENT PARTNERS LLC and ALEX MERUELO agreed to vote in favor of the deal (NET NEWS 10/9/13). The vote was 19,610,029 in favor, 21.851 against, and 9.604 abstaining. A separate vote approved the possible payment of compensation to DG's executive officers if they exit with the deal.