[theora] On2/Google Merger Update
jason.self at gmail.com
Fri Dec 18 15:56:21 PST 2009
Come on, shareholders -- Vote!
On2 Technologies, Inc. today announced that its stockholders voted to
adjourn its Special Meeting of Stockholders to provide additional time
to solicit proxies on the merger proposal.
As of December 18, a majority of On2's outstanding shares of common
stock that have been voted were voted in favor of each of the merger
proposal and the adjournment proposal. However, approval of the
merger proposal requires the affirmative vote of a majority of the
issued and outstanding shares of On2's common stock, as opposed to
just a majority of those shares voted.
"Since a large number of On2's stockholders have not yet voted,
including many retail investors, we believe it is appropriate to
adjourn the meeting and extend the voting deadline in order to give
these investors a chance to vote", commented Matthew Frost, Interim
Chief Executive Officer of On2.
The Special Meeting will be reconvened at the Comfort Suites in
Venetian Room II at 7 Northside Drive, Clifton Park, NY 12065, at 4:00
p.m. on Wednesday, December 23 2009.
More information about the theora