Rural/Metro Corporation Stockholders Approve Merger Agreement
June 27 2011 - 4:30PM
Marketwired
Rural/Metro Corporation (NASDAQ: RURL), a leading national provider
of ambulance and private fire protection services, announced today
that its stockholders have voted to adopt the previously announced
Agreement and Plan of Merger, dated March 28, 2011, by and among
the Company, WP Rocket Holdings LLC (n/k/a WP Rocket Holdings Inc.)
and WP Rocket Merger Sub, Inc., a wholly owned subsidiary of WP
Rocket Holdings Inc. and affiliate of private equity firm Warburg
Pincus, at a special meeting of the stockholders of the Company
held on June 27, 2011.
The affirmative vote of a majority of all votes entitled to be
cast with respect to the outstanding shares of the Company's common
stock was required to approve the adoption of the merger agreement.
According to the final tally of shares voted, approximately 72.27%
of the voting power of the Company as of the close of business on
May 25, 2011, the special meeting record date, voted for approval
of the proposal to adopt the merger agreement.
The proposed merger was announced on March 28, 2011, and is
expected to close on June 30, 2011.
About Rural/Metro
Rural/Metro Corporation provides emergency and non-emergency
ambulance services and private fire protection services in 20
states and approximately 440 communities throughout the United
States. For more information, visit the Company's web site at
www.ruralmetro.com.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
Statements contained in this press release relating to the
Company's or management's intentions, hopes, beliefs, expectations
or predictions of the future, including statements relating to the
anticipated completion date of the merger described herein, are
forward-looking statements. These forward-looking statements are
subject to the safe harbor protection provided by federal
securities laws. The Company's actual results could differ
materially from those projected in these forward-looking
statements. The Company may face risks and uncertainties related to
other factors that are listed in its periodic reports filed under
the Securities Exchange Act. Although the Company believes the
expectations reflected in its forward-looking statements are based
upon reasonable assumptions, because the statements are subject to
risks and uncertainties, the Company can give no assurance that its
expectations will be attained or that actual developments and
results will not materially differ from those expressed or implied
by the forward-looking statements. Readers are cautioned not to
place undue reliance on the statements, which speak only as of the
date hereof. The Company undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise, except as may be
required by law.
(RURL/G)
CONTACT: Liz Merritt Rural/Metro Corporation (480)
606-3337
Rural/Metro Corp. (MM) (NASDAQ:RURL)
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