Shareholders OK merger of Restoration Hardware, Catterton Partners affiliates

By Lisa Kerner

Charlotte, N.C., June 12 - Restoration Hardware, Inc. shareholders adopted the amended merger agreement between the company and certain affiliates of Catterton Partners at a special meeting on June 12.

More than 99% of the votes cast were in favor of the deal, according to a Restoration Hardware news release.

In January, affiliates of Catterton, a Greenwich, Conn., private equity firm, amended their agreement with Restoration Hardware, lowering the per-share offer price to $4.50 in cash from $6.70.

Restoration Hardware also announced it reached a preliminary agreement for the settlement of a shareholder complaint filed in the Superior Court of the State of California against Restoration Hardware, each of its directors, Catterton Partners and certain shareholders participating in the transaction.

Restoration Hardware is a Corte Madera, Calif.-based specialty retailer.

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