BWAY Holding (BWY) Gets Shareholder Approval for Madison Dearborn Partners Merger
BWAY Holding Company (NYSE: BWY) announced that its stockholders have approved the proposal to adopt the merger agreement providing for its acquisition by entities created by certain affiliates of Madison Dearborn Partners, LLC ("MDP"). The approval included both the affirmative vote of the holders of (i) a majority of the outstanding shares of common stock of the Company and (ii) a majority of the outstanding shares of common stock of the Company that are not held by affiliates of Kelso & Company, L.P. ("Kelso"), as required by the merger agreement.
According to the final tally of shares voted, more than 83% of the outstanding shares of common stock of the Company, and 73% of the outstanding shares of common stock of the Company that are not held by affiliates of Kelso, in each case, as of the close of business on May 6, 2010, the record date for the stockholders' meeting, were voted to approve the proposal to adopt the merger agreement.
According to the final tally of shares voted, more than 83% of the outstanding shares of common stock of the Company, and 73% of the outstanding shares of common stock of the Company that are not held by affiliates of Kelso, in each case, as of the close of business on May 6, 2010, the record date for the stockholders' meeting, were voted to approve the proposal to adopt the merger agreement.
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