Reddy Ice shareholders OK merger

By Susanna Moon

Chicago, Oct. 12 - Reddy Ice Holdings, Inc. said stockholders approved the company's merger with Frozen, LLC, Hockey Parent Inc. and Hockey MergerSub, Inc., formed by funds managed by GSO Capital Partners LP.

Holders of more than 70% of shares, or more than15.3 million shares of the 21.9 million total outstanding, voted for the merger agreement, according to a press release. Approval required a majority of the votes.

In the deal, shareholders will receive $31.25 per common share in cash.

"We are pleased that our stockholders have demonstrated their agreement with the board's recommendation that this merger is in their best interests," Reddy Ice executive chairman William P. Brick said in the release.

"We will remain diligent in our efforts to facilitate a closing of the transaction as soon as possible," Brick said.

Reddy Ice is a Dallas-based manufacturer and distributor of packaged ice.

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