LeCroy Corporation (NASDAQ: LCRY) ("LeCroy") announced that at the special meeting of LeCroy stockholders held today, LeCroy's stockholders voted to approve the adoption of the previously announced Agreement and Plan of Merger, dated May 28, 2012 by and among Teledyne Technologies Incorporated ("Teledyne"), Luna Merger Sub, Inc., a wholly-owned subsidiary of Teledyne, and LeCroy.
The affirmative vote of the holders of a majority of the outstanding shares of LeCroy's common stock was required to approve the proposal to adopt the merger agreement. According to the final tally of shares voted, approximately 85% of the outstanding shares of LeCroy's common stock as of the close of business on the record date of July 3, 2012 were voted to approve the proposal to adopt the merger agreement. A quorum of approximately 85% of LeCroy's total outstanding shares of common stock as of the July 3, 2012 record date voted at the special meeting.
The proposed merger was announced on May 29, 2012 and is expected to close on August 3, 2012.