NEWS29 June 2010
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
All MRS websites use cookies to help us improve our services. Any data collected is anonymised. If you continue using this site without accepting cookies you may experience some performance issues. Read about our cookies here.
US— Infogroup shareholders voted today in favour of selling the company to private equity firm CCMP Capital for $468m, or $8 per share.
There had been doubts in the build-up to today’s meeting as to whether the deal would be approved, as some shareholders – most notably Hotchkis and Wiley Capital Management – had publicly come out against the plans, claiming that the price undervalued Infogroup.
Infogroup, which owns Opinion Research Corporation, released a short statement to the New York stock exchange announcing that the takeover had been given the green light, but did not say what percentage of shareholders had backed it.
Gary Morin, chairman of the M&A committee of Infogroup’s board of directors, said, “The Infogroup board of directors and management team have worked diligently to advance the best interests of all of the company’s stockholders, and we are pleased that stockholders have supported our recommendation. The board is also grateful to the talented and committed employees of Infogroup, who have worked so hard throughout this process.”
The firm said that the deal will close shortly after 1 July, when it is expected that CEO Bill Fairfield (pictured) will depart.
Newsletter
Sign up for the latest news and opinion.
You will be asked to create an account which also gives you free access to premium Impact content.
Julian Adams of @decodingloyalty reflects on how drawing on social identity can help marketers to challenge the sta… https://t.co/TcdyOopBeL
Google tests AI chatbot https://t.co/mLfLNNmDeN #mrx #marketresearch
Insight Association seeks clarity on Colorado Privacy Act https://t.co/9IBlTufUNb #mrx #marketresearch
Related Articles
RT @amsr_uk: NEW BOOK LAUNCHED on "British love affair wd pets" uses Archive as a source "From pet economics to pet cemeteries, this wo…
The post-demographic consumerism trend means segments such age are often outdated, from @trendwatching #TrendSemLON
0 Comments