Enliven Marketing shareholders approve merger with DG FastChannel; deal could close in early October

By Lisa Kerner

Charlotte, N.C., Sept. 25 - Enliven Marketing Technologies Corp. said its stockholders approved the proposal to adopt the agreement and plan of merger by and among the company, DG FastChannel, Inc. and DG Acquisition Corp. VI.

According to Enliven, approximately 99.5% of the shares of its common stock voting were voted in favor of the merger, representing approximately 77.5% of the issued and outstanding shares.

The merger is expected to close in early October, it was reported in a form 8-K filed with the Securities and Exchange Commission.

Under the amended May merger agreement, DG FastChannel will issue approximately 2.9 million shares of its common stock. It will also increase its board of directors to eight members from seven and add current Enliven board member Harvey D. Weatherson.

Each outstanding share of Enliven common stock will be converted into 0.033 shares of DG FastChannel common stock, according to a prior DG FastChannel news release.

It was previously reported that DG FastChannel agreed to reimburse Enliven for some merger-related expenses of up to $1.5 million in the event the merger is not completed by Oct. 6.

DG FastChannel is an Irving, Texas-based provider of digital media services to the advertising and broadcast industries.

Enliven is a New York internet marketing technology company.

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