Getty Images stockholders OK merger with Hellman & Friedman affiliates

By Lisa Kerner

Charlotte, N.C., June 20 - Getty Images, Inc. stockholders voted to approve the company's merger with affiliates of Hellman & Friedman LLC at a special meeting on Friday.

Holders of 75% of the shares of the company's common stock outstanding as of the May 20 record date voted in favor of the merger agreement, representing 96% of the votes cast, Getty Images said.

The merger agreement also required approval by holders of a majority of the company's common stock other than Getty Investments LLC, Mark Getty, the October 1993 Trust, Cheyne Walk Trust, Ronald Family Trust B and Jonathan Klein.

According to a Getty Images news release, holders of approximately 95% of these shares voted in favor of the transaction, which is expected to close during the week of June 30.

In February, Getty Images agreed to be acquired by affiliates of Hellman & Friedman, a private equity firm, for $34 per share in a transaction valued at about $2.4 billion, including debt.

Seattle-based Getty Images creates and distributes visual content.

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