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BOSTON–At a special meeting Tuesday, Circle.com shareholders overwhelmingly approved the sale of the i-shop to Havas Advertising, according to John Cooper, executive vp and managing director of Havas North America. Shareholder approval may have been as high as “99 percent,” Cooper said.
The transaction, in which Circle shares are being swapped for Havas depository shares traded on the Nasdaq exchange, is expected to close before end of day Wednesday, Cooper said.
The total price tag for the acquisition is still being tabulated but has been estimated in excess of $20 million, according to papers filed with the Securities and Exchange Commission.
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