PEKING (dpa-AFX) - Shanda Interactive Entertainment Ltd. (SNDA) announced that its shareholders voted in favor of the proposal to approve the formerly announced Agreement and Plan of Merger dated November 22, 2011 among the company, Premium Lead Co. Ltd., a British Virgin Islands business company jointly owned by Tianqiao Chen, chairman of the Board, chief executive officer and president of Shanda, his wife Qian Qian Chrissy Luo, who is a non-executive director of Shanda, and his brother Danian Chen, who is the chief operating officer and a director of Shanda, and New Era Investment Holding Ltd., a wholly owned subsidiary of Parent, pursuant to which Merger Sub will be merged with and into Shanda with Shanda surviving the merger as a wholly owned subsidiary of Parent.
Shanda stated that around 100% of its total outstanding ordinary shares voted in person or by proxy at today's extraordinary general meeting. Of the ordinary shares voted in person or by proxy at the extraordinary general meeting, about 87.3% were voted in favor of the proposal to approve the Merger Agreement and the transactions contemplated by the Merger Agreement, including the merger, and approximately 87.2% were voted in favor of the proposal to authorize the directors of the company to do all things necessary to give effect to the Merger Agreement.
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