Date Set For Arbitron Shareholders’Vote

Arbitron has set a date for its shareholders to vote on the $1.26 billion acquisition of the company by Nielsen.

According to Radio World, the vote will be held at the St. Regis hotel, according to a proxy statement filed with the Securities & Exchange Commission.

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If shareholders approve the deal and it actually closes, “each outstanding share of Arbitron common stock will be converted into the right to receive $48.00 in cash, without interest and subject to any applicable withholding tax,” according to the filing.

Arbitron President/CEO Sean Creamer asks shareholders to vote in person at the meeting, or by proxy, noting that not casting a ballot “has the same effect as voting against” the proposed deal.

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