GLG shareholders approve merger with Man Group

Date: Thursday, October 14, 2010
Author: Emily Perryman, HedgeWeek

GLG Partners’ shareholders have approved the merger agreement for the company’s acquisition by Man Group.

More than the required majority of both GLG total issued and outstanding shares and GLG's issued and outstanding shares, excluding shares held by the GLG principals and certain GLG shareholders party to a share exchange agreement with GLG, Man or any of their respective affiliates, voted in favour of the merger agreement.

The merger and related share exchange are expected to close on 14 October 2010.