Dec 10 (Reuters) - CC Neuberger Principal Holdings II
:
* GETTY IMAGES TO BECOME PUBLICLY TRADED COMPANY THROUGH COMBINATION WITH CC NEUBERGER PRINCIPAL HOLDINGS II
* CC NEUBERGER PRINCIPAL HOLDINGS II - GETTY IMAGES VALUED AT AN ENTERPRISE VALUE OF $4.8 BILLION
* CC NEUBERGER PRINCIPAL HOLDINGS II - GETTY IMAGES WILL BE LISTED ON NEW YORK STOCK EXCHANGE UNDER TICKER SYMBOL "GETY"
* CC NEUBERGER PRINCIPAL HOLDINGS II - TOTAL EQUITY INVESTMENT OF APPROXIMATELY $1.2 BILLION RAISED IN TRANSACTION
* CC NEUBERGER PRINCIPAL HOLDINGS II - CRAIG PETERS, WHO JOINED GETTY IMAGES IN 2007 WILL CONTINUE TO LEAD BUSINESS POST-TRANSACTION
* CC NEUBERGER PRINCIPAL HOLDINGS II - EXISTING COMMON EQUITY SHAREHOLDERS WILL ROLL 100 PERCENT OF THEIR EQUITY IN TRANSACTION
* CC NEUBERGER PRINCIPAL HOLDINGS II - MARK GETTY, CO-FOUNDER OF GETTY IMAGES, WILL CONTINUE AS CHAIRMAN OF COMBINED COMPANY
* CC NEUBERGER PRINCIPAL HOLDINGS II - CC NEUBERGER WILL MERGE INTO A SUBSIDIARY OF GETTY IMAGES HOLDINGS, INC
* CC NEUBERGER PRINCIPAL HOLDINGS II - MAJORITY OF DIRECTORS OF COMBINED CO TO BE INDEPENDENT
* CC NEUBERGER PRINCIPAL HOLDINGS II - EXISTING PREFERRED SHAREHOLDERS ARE EXPECTED TO OWN APPROXIMATELY 64 PERCENT OF COMBINED COMPANY AT CLOSING
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