05 November 2008 17:23 [Source: ICIS news]
“The merger agreement was adopted by holders of more than two thirds of Hercules' outstanding common stock, as required by Hercules' certificate of incorporation and the merger agreement,” Hercules said.
Under the merger, Hercules' shareholders would receive $18.60 (€14.32) in cash and 0.0930 of a share of ?xml:namespace>
The companies expected to close the merger on 13 November, Hercules said.
Hercules' share price rose 7.3% to $18.08 while Ashland's shares were down 3.9% to $22.79 in Wednesday morning trading on the New York Stock Exchange.
($1 = €0.77)
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