Connect with us

Headlines

Blue Nile Stockholders Approve Acquisition Plan

mm

Published

on

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

Advertisement

Advertisement

SPONSORED VIDEO

It’s Going to Set Us Up Very Nicely for Retirement

You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

Promoted Headlines

Most Popular