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Voltari adjourns shareholder vote on Starfire merger

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Voltari adjourns shareholder vote on Starfire merger

Voltari Corp. adjourned its special stockholder meeting to vote on the company's proposed merger with Starfire Holding Corp. to Sept. 12, as the unaffiliated stockholder vote was not satisfied at the original time of the special meeting.

The property company said that based on a preliminary assessment of votes received by its proxy solicitor, it seems that more than 90% of those unaffiliated stockholders that have voted approved the proposed deal, and that the stockholder vote has been satisfied. Voltari, therefore, adjourned the special meeting to provide it with more time to solicit proxies from its stockholders to obtain the unaffiliated stockholder vote.