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NeuStar Inc. (NSR) shareholders approved a $2.9 billion sale to a private equity group led by San Francisco-based Golden Gate Capital in a special stockholder meeting held Tuesday. The merger is still subject to regulatory approval and other closing conditions, and the two companies expect the deal to be final in the third quarter of this year. Each NeuStar shareholder will receive $33.50 in cash for each of their shares.
Both companies defied the general weakness in the retail sector, which some analysts attributed simply to a stronger product mix than their peers.
Analysts at Oppenheimer commended the video game retailer for its "capital discipline" and its efforts to educate investors about the changes going on at the company.