At a special meeting held on 25 September, DirecTV stockholders voted overwhelmingly to approve DirecTV's proposed merger with AT&T. The final voting results indicate that more than 99 percent of votes cast were in favour of the adoption of the merger agreement, representing 77 percent of all outstanding shares.
The proposed merger remains subject to regulatory review and approval including expiration of waiting periods mandated by the Hart Scott Rodino Act to permit review and appropriate action by the US Department of Justice and review and approval by the US Federal Communications Commission for required transfer of licenses and other FCC authorisations, as well as approval by certain international regulatory bodies. The transaction is expected to be completed in the first half of 2015.
