Blue Nile Shareholders Okay Acquisition

The takeover by Bain Capital is expected to close in the first quarter

On Feb. 2, at a special shareholders meeting, Blue Nile stockholders okayed Bain Capital Private Equity and Bow Street LLC’s $500 million takeover of the company.

The vote wasn’t close—8.8 million shares in favor, 570,745 against, according to a filing with the Securities and Exchange Commission.

The transaction included a “go-shop” period to scout other bids, but no other possible suitors stepped forward.

The takeover is expected to close in the first quarter of this year. The deal was first announced on Nov. 7, 2016.

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JCK News Director

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