Zillow, Inc.
Z and Trulia, Inc. TRLA today announced that Zillow
shareholders and Trulia stockholders voted resoundingly to approve the
previously announced definitive agreement, dated as of July 28, 2014, pursuant
to which Zillow will acquire Trulia. At special meetings held earlier today,
approximately 88.75% of Zillow votes outstanding and entitled to be voted, and
79.52% of Trulia votes outstanding and entitled to be voted, were voted in
favor of the agreement. Zillow shareholders and Trulia stockholders also voted
to approve the authorization of nonvoting Class C capital stock in the
combined company's amended and restated articles of incorporation.
Trulia_Logo_2014
Pursuant to the agreement, Zillow will acquire Trulia in a stock-for-stock
transaction, where Trulia stockholders will receive 0.444 shares of Class A
Common Stock of the combined company for each share of Trulia. The transaction
remains subject to the satisfaction or waiver of customary closing conditions,
including the expiration of U.S. antitrust waiting periods. The companies
anticipate that the transaction will be completed in the first half of 2015.
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