Arbitron Shareholders Approve Sale To Nielsen
The deal still needs regulatory approval, however the sale of Arbitron to Nielsen has the blessing of Arbitron stockholders. Approximately 98.99 percent of the shares voting at Tuesday's special meeting of stockholders voted in favor of the merger. Those shares represented approximately 77.11 percent of total outstanding shares of Arbitron's common stock. On December 18, 2012, Arbitron and Nielsen announced a definitive agreement for Nielsen to acquire all of the outstanding common stock of Arbitron for $48.00 per share. The deal is worth $1.2 billion.
Since that announcement, the Federal Trade Commission has asked Nielsen and Arbitron for more information as it reviews the announced merger. And Nielsen withdrew and modified its original notification to the FTC hoping to forestall a "second request" for information.