Vertrue stockholders OK deal with Velo

By Lisa Kerner

Charlotte, N.C., Aug. 15 - Vertrue Inc. stockholders voted to approve the company's merger agreement with Velo Holdings Inc. and Velo Acquisition Inc. at its reconvened special meeting on Wednesday.

Under the July 18 amended agreement, Vertrue will be acquired by Velo - an investor group including One Equity Partners, Rho Ventures and Brencourt Advisors - for $50 cash per share.

Vertrue had adjourned its July 31 meeting in order to solicit proxies and to give stockholders additional time to consider the deal.

With the approval, Vertrue expects the transaction to be completed on or about Aug. 16, according to a company news release.

Vertrue is an internet direct marketing services company located in Norwalk, Conn.

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