CORTE MADERA, Calif.–Restoration Hardware’s shareholders adopted the amended merger agreement between Restoration Hardware and affiliates of private-equity firm Catterton Partners at its annual meeting today.
Under the terms of the amended merger agreement, all of the outstanding shares of common stock of Restoration Hardware will be acquired for a price per share equal to $4.50 in cash. Restoration Hardware expects the deal to be completed next week.
“We are pleased with the outcome of today’s vote and appreciate the strong support demonstrated by our shareholders,” said Gary Friedman, Restoration Hardware’s chairman, president and chief executive officer, in a statement.