This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:International Assets Holding Corporation and FCStone Group, Inc. Announce Shareholder Approval of Merger 2009-09-25 11:05 ET - News Release NEW YORK, Sept. 25, 2009 (GLOBE NEWSWIRE) -- International Assets Holding Corporation (Nasdaq:IAAC) ("International Assets") and FCStone Group, Inc. (Nasdaq:FCSX) ("FCStone") today announced that their shareholders have approved the proposed merger of FCStone and International Assets Acquisition Corp., a subsidiary of International Assets. As a result of the merger, FCStone will become a wholly owned subsidiary of International Assets.
The shareholders of International Assets and FCStone approved the merger at special meetings of shareholders held today by each company.
A total of 7,536,197 shares of International Assets, or 82.7% of the total outstanding, were present in person or by proxy at the special meeting of the shareholders of International Assets. Approximately 99.9% of these shares were voted in favor of the merger representing 82.6% of the outstanding shares of International Assets.
A total of 19,397,872 shares of FCStone, or 69.5% of the total outstanding, were present in person or by proxy at the special meeting of the shareholders of FCStone. Approximately 84.2% of these shares were voted in favor of the merger representing 58.5% of the outstanding shares of FCStone.
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