ARAMARK Corporation, a world leader in providing professional services, announced that its shareholders overwhelmingly voted at a special meeting today to adopt the merger agreement entered into on August 8, 2006, providing for the acquisition of ARAMARK by an investor group led by Joseph Neubauer and investment funds managed by GS Capital Partners, CCMP Capital Advisors and J.P. Morgan Partners, Thomas H. Lee Partners and Warburg Pincus LLC.
Adoption of the merger agreement was subject to two votes. Under Delaware law, the merger agreement was required to be adopted by shareholders holding at least a majority in combined voting power of the company's common stock outstanding on the record date of November 3, 2006.
In addition to the vote required under Delaware law, the transaction was required to be approved by a majority of the combined voting power of the company's common stock voted at the special meeting.
For purposes of the second vote, each share of Class A common stock beneficially owned by Mr. Neubauer and other members of the company's management committee was counted as only one vote, rather than the ten votes to which each such share is otherwise entitled.
Based on the preliminary tally of shares voted, for purposes of the vote required under Delaware law, 606 million votes were cast at the special meeting, representing 88 percent of the total voting power of ARAMARK's outstanding voting shares.
Of those votes cast, 592 million votes were cast in favor of the adoption of the merger agreement, representing 86 percent of the total voting power of ARAMARK's outstanding voting shares and 97 percent of the votes cast.
marketing@alchempro.com
