Friday, June 20, 2008

Getty Images Shareholders Okay Deal

Seattle-based Getty Images said Friday that its shareholders have approved the firm's merger with private equity firm Hellman & Friedman LLC. According to Getty Images, its stock holders will receive $34.00 in cash for each share of Getty Images common stock at the effectiveness of the merger. The firm said that it now expects the transaction to close on June 30th. The firms first announced the acquisition deal in February; the deal is worth approximately $2.4B.