Live Nation, Ticketmaster shareholders to decide merger on Jan. 8

By Lisa Kerner

Charlotte, N.C., Nov. 6 - Live Nation, Inc. and Ticketmaster Entertainment, Inc. shareholders will be asked to approve a merger of the two companies at separate special meetings on Jan. 8 at noon ET in West Hollywood, Calif.

The record date for both meetings is Nov. 25, according to the companies' joint proxy statement.

In February, Live Nation and Ticketmaster agreed to combine in a merger of equals to create Live Nation Entertainment.

As previously reported, Ticketmaster shareholders will receive 1.384 shares of Live Nation common stock for each share of Ticketmaster they own, subject to adjustments, under the merger agreement.

Once the merger is complete, Live Nation and Ticketmaster shareholders will each own about 50% of the combined company and Live Nation and Ticketmaster each will have seven directors on the 14-member board, the companies said.

Live Nation is a Beverly Hills, Calif., concert promoter, and Ticketmaster is a West Hollywood, Calif.-based ticketing company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.