COLUMBIA, Md., April 16, 2013 /PRNewswire/ -- Arbitron Inc.
(NYSE: ARB) announced today that at the Company's Special Meeting
of Stockholders held today, stockholders voted to approve the
acquisition of the Company by Nielsen Holdings N.V.
Approximately 98.99 percent of the shares voting at today's
Special Meeting of Stockholders voted in favor of the agreement and
plan of merger. These shares represented approximately 77.11
percent of total outstanding shares of Arbitron common stock as of
the March 8, 2013 record date for the
Special Meeting.
As previously announced on December 18,
2012, Arbitron Inc. and Nielsen Holdings N.V. entered into a
definitive agreement for Nielsen to acquire all of the outstanding
common stock of Arbitron for $48.00
per share in cash.
The transaction remains subject to certain regulatory approvals,
including expiration of the Hart-Scott-Rodino antitrust waiting
period, and customary closing conditions.
The proposal to approve, on an advisory (non-binding) basis, the
compensation that may be paid or become payable to Arbitron named
executive officers in connection with the merger and the agreements
and understandings pursuant to which such compensation may be paid
or become payable was approved by 87.86 percent of the shares voted
at the Special Meeting, representing approximately 68.44 percent of
the outstanding shares of the Company's common stock. At the
meeting, approximately 9.55 percent of shares voted against this
proposal.
About Arbitron
Arbitron Inc. (NYSE: ARB) is an
international media and marketing research firm serving the
media–radio, television, cable and out-of-home; the mobile industry
as well as advertising agencies and advertisers around the world.
Arbitron's businesses include: measuring network and local market
radio audiences across the United
States; surveying the retail, media and product patterns of
U.S. consumers; providing mobile audience measurement and analytics
in the United States, Europe, and Asia, and developing application software used
for analyzing media audience and marketing information data. The
Company has developed the Portable People Meter™ (PPM®) and the PPM
360™, new technologies for media and marketing research.
Portable People Meter™, PPM® and PPM 360™ are marks of
Arbitron Inc.
This press release includes information that could constitute
forward-looking statements made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
These statements may be identified by words such as 'will',
'expect', 'should', 'could', 'shall' and similar expressions. These
statements are subject to risks and uncertainties concerning
Nielsen's proposed acquisition of Arbitron, Arbitron's expected
financial performance, as well as Arbitron's strategic and
operational plans and actual results and events could differ
materially from what presently is expected. The potential risks and
uncertainties include the possibility that the transaction will not
close or that the closing may be delayed; the possibility that the
conditions to the closing of the transaction may not be satisfied;
the transaction may involve unexpected costs, liabilities or
delays; the outcome of any legal proceedings related to the
transaction; the occurrence of any event, change or other
circumstances that could give rise to the termination of the
transaction agreement; general economic conditions; conditions in
the markets Nielsen and Arbitron are engaged in; behavior of
customers, suppliers and competitors (including their reaction to
the transaction); technological developments; as well as legal and
regulatory rules affecting Nielsen's and Arbitron's business and
specific risk factors discussed in other releases and public
filings made by Nielsen and Arbitron (including the their
respective filings with the SEC). This list of factors is not
intended to be exhaustive. Such forward-looking statements only
speak as of the date of this press release, and we assume no
obligation to update any written or oral forward-looking statement
made by us or on our behalf as a result of new information, future
events, or other factors.
SOURCE Arbitron Inc.