American Residential Properties Announces Results of a Special Meeting of Stockholders
AMERICAN RESIDENTIAL PROPERTIE (ARPI)
US:NYSE Investor Relations:
investors.ah4r.com
Company Research
Source: PR Newswire
SCOTTSDALE, Ariz., Feb. 26, 2016 /PRNewswire/ -- American Residential Properties, Inc. (NYSE: ARPI) ("ARPI") today announced that in its special meeting of stockholders held earlier today, its stockholders approved the merger of ARPI with and into a wholly owned subsidiary of American Homes 4 Rent (NYSE: AMH) ("AMH"). ARPI stockholders approved the merger with AMH by an affirmative vote of over 86% of ARPI's outstanding shares. More than 27.8 million shares, or 99.8% of the shares voted, were voted in favor of the merger. The merger is expected to close on February 29, 2016, subject to the satisfaction or waiver of all closing conditions related to the transaction.Stephen G. Schmitz, ARPI's Chairman and Chief Executive Officer stated, "We greatly appreciate our stockholders' overwhelming vote in support of this merger, and we look forward to the opportunities our stockholders will have to benefit from the synergies created by this merger." As previously announced, on December 3, 20
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