M&A
confidence high
sentiment neutral
materiality 0.90
GameStop shareholders approve 2.5B share increase to fund eBay acquisition at $125/share
GameStop Corp.
- Authorized shares of Class A common stock increased to 2.5 billion; 68.7% of votes cast in favor.
- Increase intended to facilitate proposed acquisition of eBay, Inc. at $125 per share in cash and stock.
- All five director nominees re-elected; advisory say-on-pay and KPMG ratification approved.
- CEO Performance Award proposal was withdrawn prior to the meeting.