Anaren, Inc. (NASDAQ: ANEN) said the company´s shareholders approved the adoption of an agreement and plan of merger among ANVC Holding Corp., ANVC Merger Corp. (the merger sub), and the company, in which the merger sub will be merged with and into the company, with the company continuing as the surviving corporation.
Holders of 12,018,121 shares of company common stock, representing approximately 89% of the shares of company common stock outstanding as of the record date of December 18, 2013 for the special meeting, were present in person or by proxy. Holders of 11,512,181 shares voted in favor of adopting the merger agreement, representing approximately 99% of the shares that were voted, and approximately 86% of the shares outstanding as of the record date. The company´s shareholders also approved, by non-binding advisory vote, specified compensation arrangements that may be payable to the company´s named executive officers in connection with consummation of the merger with a vote of 9,529,234 shares, representing approximately 83% of the shares that were voted and approximately 71% of the shares outstanding as of the record date.
The transaction is still subject to certain other customary closing conditions.
Anaren designs, develops, manufactures and sells highly integrated microwave components, assemblies and subsystems for the wireless communications, satellite communications and defense electronics markets. For more information on Anaren´s products, visit www.anaren.com.
Founded in 1992 and headquartered in New York, Veritas Capital is a leading private equity investment firm that invests in companies that provide critical products and services to government and commercial customers worldwide. For more information, visit http://www.veritascapital.com.