RealD Inc. Announces Preliminary Results of Special Meeting of Shareholders
25 2월 2016 - 3:28AM
Business Wire
RealD Shareholders Vote In Favor of Acquisition
by Rizvi Traverse Management, LLC
Global visual technology company RealD Inc. (“RealD” or the
“Company”) (NYSE: RLD) today announced that the RealD stockholders
have approved the previously announced merger agreement pursuant to
which an affiliate of Rizvi Traverse Management, LLC will acquire
the Company.
Based on the preliminary tabulation of the stockholder vote,
approximately 88.69% of the total votes cast, which represents
approximately 73.77% of the total shares outstanding of RealD as of
the January 14, 2016 record date, were voted in favor of adopting
the merger agreement.
The merger is anticipated to close by March 23rd, 2016.
About RealD Inc.
RealD is a leading global licensor of 3D and other visual
technologies. RealD is the world’s most widely used 3D technology
and our extensive intellectual property portfolio is used in
applications and products that enable a premium viewing experience
in the theater, the home and elsewhere.
RealD was founded in 2003 and has offices in Beverly Hills;
Boulder; London; Moscow; Shanghai; Hong Kong; and Tokyo. For more
information, please visit our website at www.reald.com.
About Rizvi Traverse Management, LLC
Rizvi Traverse Management, LLC is a leading private equity
investor who primarily invests in the media, entertainment and
technology sectors. Past investments include ICM, Summit
Entertainment, Sesac, Playboy, Twitter, SpaceX, Square and
Snapchat. For more information visit www.rizvitraverse.com
Forward-looking Statements
Statements about the expected timing, completion and effects of
the proposed merger and all other statements in this document,
other than historical facts, constitute forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned not
to place undue reliance on these forward-looking statements and any
such forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. All
forward-looking statements speak only as of the date hereof and are
based on current expectations and involve a number of assumptions,
risks and uncertainties that could cause the actual results to
differ materially from such forward-looking statements. The Company
may not be able to complete the proposed merger on the terms
described above or other acceptable terms or at all because of a
number of factors, including the failure to satisfy the proposed
merger’s closing conditions. Factors that may affect the business
or financial results of the Company are described in the risk
factors included in the Company’s filings with the Securities and
Exchange Commission, including the Company’s 2015 Annual Report on
Form 10-K and later filed quarterly reports on Form 10-Q and
Current Reports on Form 8-K, which factors are incorporated herein
by reference. The Company expressly disclaims a duty to provide
updates to forward-looking statements, whether as a result of new
information, future events or other occurrences.
© 2016 RealD Inc. All Rights Reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20160224006269/en/
RealD Inc.Investor Contact:Andrew Greenebaum /
Laura Bainbridge310-829-5400investors@reald.comorMedia Contact:Will
Hammond424-702-4758whammond@reald.com
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