Getty Images (GYI) Acquired by Private Equity Firm, Stock Ceases Trading After Market Close

July 2, 2008 1:14 PM EDT

Getty Images, Inc. (NYSE: GYI) today announced the completion of its acquisition by an affiliate of the private equity firm Hellman & Friedman. Getty Images announced on February 25, 2008 a definitive agreement to be acquired by an affiliate of Hellman & Friedman in a transaction valued at approximately $2.4 billion.

Under the terms of the merger agreement, which was adopted by Getty Images' stockholders at a special meeting held on June 20, 2008, Getty Images stockholders are entitled to receive $34.00 in cash, without interest and less any applicable withholding taxes, for each share of common stock they owned immediately prior to the effective time of the merger.

Getty Images common stock will cease trading on the New York Stock Exchange at the close of market today and will be delisted from the New York Stock Exchange.
[SM]

Related Categories

Corporate News

Stocks Mentioned

Related Entities

• Hellman & Friedman LLC

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?