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Shareholders of MeridianLink, Inc. (NYSE:MLNK) voted Tuesday to approve the company’s proposed merger with ML Holdco, LLC. The vote took place at a special meeting of stockholders, with 89.46% of outstanding shares represented either virtually or by proxy.
The approved agreement, originally signed on August 11, 2025, outlines that ML Merger Sub Inc., a wholly owned subsidiary of ML Holdco, will merge with and into MeridianLink. Following the merger, MeridianLink will become a wholly owned subsidiary of ML Holdco.
According to the company’s statement in the SEC filing, as of the September 9, 2025 record date, there were 73,874,652 shares of MeridianLink common stock eligible to vote. At the meeting, holders of 66,095,101 shares participated, establishing a quorum for the vote.
The merger proposal received 59,234,162 votes in favor, 17,018 votes against, and 6,843,921 abstentions. There were no broker non-votes reported. Since sufficient votes were cast to approve the merger, an additional proposal to adjourn the meeting for further proxy solicitation was not considered.
Approval of the merger by shareholders satisfies one of the conditions required to close the transaction. The company stated that it anticipates the closing of the merger will occur on or about October 24, 2025.
This information is based on a statement provided in MeridianLink’s filing with the Securities and Exchange Commission.
In other recent news, MeridianLink announced it will be acquired by Centerbridge Partners in an all-cash transaction valued at approximately $2 billion. This agreement will provide MeridianLink shareholders with $20.00 per share in cash, reflecting a 26% premium over the company’s last closing price prior to the announcement. Following the acquisition news, Raymond James downgraded MeridianLink from Outperform to Market Perform. The firm noted the transaction values the company at roughly 13 times its estimated 2026 EBITDA and 15 times its estimated unlevered free cash flow. Meanwhile, Stifel raised its price target for MeridianLink to $20.00 from $18.00 while maintaining a Hold rating. The acquisition has been a focal point for analysts, with the agreement highlighting a significant premium for shareholders. These developments mark important recent changes for MeridianLink as it moves forward with the acquisition process.
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