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Blue Nile Stockholders Approve Acquisition Plan

Published

7 years ago

February 6, 2017

INSTORE Staff

The company will go private.

Blue Nile Inc.’s shareholders have approved the company’s plan to be acquired by an investor group made up of funds managed by Bain Capital Private Equity and Bow Street LLC.

The vote took place Feb. 2 in Seattle, according to a filing that Blue Nile (Nasdaq: NILE) made with the U.S. Securities and Exchange Commission.

There were 8,842,518 votes in favor of the deal and 570,745 against it, with 8,339 abstaining.

The $500 million deal, which would take the company private, was announced in November. It’s expected to close in the first quarter of 2017.

Blue Nile’s board of directors had already unanimously approved the deal and recommended that stockholders vote their shares in favor of the transaction.

Read the SEC filing

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