Arbitron Shareholders Approve Nielsen Acquisition

Arbitron's shareholders approved the company's acquisition by Nielsen at a special meeting held yesterday.

The $1.3 billion takeover, which was first proposed in December, is currently being investigated by the Federal Trade Commission (FTC), which has asked for additional time and information.

Approximately 98.99% of those voting in Arbitron's special meeting voted in favour of Nielsen's plan, representing 77.11% of total outstanding shares of Arbitron common stock.

Additionally, the proposal to approve the compensation that may be paid to Arbitron named execs in connection with the merger was approved by 87.86% of the shares voted at the meeting, with just 9.55% of shareholders against.

In addition to the FTC decision, the acquisition remains subject to certain regulatory approvals.

Web sites: www.arbitron.com and www.nielsen.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.