Opalesque Industry Update - GLG Partners, Inc. (NYSE: GLG) announced that at a special meeting of stockholders held today, its shareholders approved the merger agreement for the company's acquisition by Man Group plc ("Man"). More than the required majority of both GLG total issued and outstanding shares and GLG's issued and outstanding shares, excluding shares held by the GLG principals and certain GLG shareholders party to a share exchange agreement with GLG, Man or any of their respective affiliates, voted in favor of the merger agreement. The merger and related share exchange are expected to close on October 14, 2010.
(press release) |
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