News Column

Digital Generation Reports Filing of Definitive Proxy Statement

January 28, 2014

Digital Generation , an ad management and distribution platform, announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission regarding the merger transaction with Extreme Reach and a subsidiary of Extreme Reach and has set the date for a special meeting of stockholders to approve the transaction. According to a release, the Company's special meeting of stockholders will be held on Monday, February 3 , at 10 a.m. local time. The meeting will be held at the Four Seasons Resort and Club Dallas at Las Colinas at 4150 North MacArthur Boulevard , Irving, Texas 75038. All stockholders of record of the Company's common stock as of the close of business on January 3 , will be entitled to vote their shares either in person or by proxy. If you have any questions or need assistance voting your shares, please contact our proxy solicitation agent, MacKenzie Partners, Inc. , at (212) 929-5500. If the Company's stockholders adopt and approve the merger agreement, and the spin-off and merger transaction is completed, holders of the Company's common stock will receive (i) the distribution of one share of common stock of The New Online Company , a newly-formed subsidiary of the Company, for each share of DG common stock that they currently hold in partial redemption of their DG shares; and (ii) approximately $3.00 in cash, without interest, for each share of DG's common stock they currently hold (except for shares held by stockholders who have properly exercised their dissenter's rights of appraisal under Delaware law), as described in the definitive proxy statement. The Company's board of directors has unanimously approved the transactions contemplated by the merger agreement, including the spin-off and merger transaction, and determined that the merger agreement and the consummation of the transactions contemplated by the merger agreement, including the spin-off and merger transaction, are advisable, fair to and in the best interests of our stockholders. The Company's board of directors recommends that the Company's stockholders vote "FOR" adoption and approval of the merger agreement. The transaction, which is expected to be completed early in 2014, remains subject to the satisfaction of the closing conditions set forth in the merger agreement, including approval and adoption of the merger agreement by the Company's stockholders at the special meeting. More Information: www.sec.gov www.dgit.com ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Professional Services Close - Up


Story Tools