Stockholders back CTC Media sale

CTC Media’s stockholders approved the sale of 75% of the company to Russia’s UTV Management at a special meeting held yesterday. The sale to UTV was approved by people who own 62.7% of CTC’s outstanding shares, while 54.4% approved a merger between CTC Media and a wholly-owned subsidiary called CTCM Merger Sub. The sale required […]

Arris stockholders approve Pace deal

Arris approved its merger agreement with Pace and the related reorganisation at a special meeting of stockholders yesterday. Stockholders holding 129,714,934 shares, representing approximately 88% of Arris, approved the deal. People who held more than 99% of shares voted at the meeting, according to the firm. Pace will now hold two special meetings today – a […]