Seattle times informs that aQuantive shareholders agree to Microsoft acquisition.
“In a brief, well-attended — by aQuantive's past standards — shareholder meeting this morning in Seattle, owners of the company overwhelmingly approved Microsoft's proposed acquisition, which will net them gains of more than $30 a share, 85 percent, over the price before the deal was announced.â€
"The crowd of about 25 shareholders and current and former employees applauded when the vote tally was read. Out of 79,985,251 shares outstanding eligible to vote on the acquisition, the holders of approximately 58,197,697 shares of common stock, 72.7 percent, cast ballots in favor of the acquisition. Here's the regulatory filing confirming the vote.
One man with a big smile on his face was Hoby Douglass. He joined what was then Avenue A in 1999, before the company went public. He was wearing a baseball jersey identifying him as employee No. 106."
Back in May, Microsoft bought aQuantive for $6 Billion. Fr the rest of the article, read Seattle Times.
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