Restoration Hardware approves deal with Catterton Partners
CORTE MADERA, Calif. Restoration Hardware reported that its shareholders have accepted the amended merger agreement between Restoration Hardware and certain affiliates of Catterton Partners. The amended merger agreement was adopted on June 12 at a special meeting of shareholders of Restoration Hardware's outstanding shares of common stock, with more than 99% of the votes cast in favor of the amended merger agreement.
"We are pleased with the outcome of today's vote and appreciate the strong support demonstrated by our shareholders," said Gary Friedman, Restoration Hardware's chairman, president and ceo.
Restoration Hardware said it expects the transaction to be completed next week.