NEW YORK--(BUSINESS WIRE)--GLG Partners, Inc. ("GLG") (NYSE: GLG) announced that at a special meeting of stockholders held today, its shareholders approved the merger agreement for the company’s acquisition by Man Group plc (“Man”). More than the required majority of both GLG total issued and outstanding shares and GLG's issued and outstanding shares, excluding shares held by the GLG principals and certain GLG shareholders party to a share exchange agreement with GLG, Man or any of their respective affiliates, voted in favor of the merger agreement. The merger and related share exchange are expected to close on October 14, 2010.
GLG Partners, Inc. is a global asset management company offering its clients a wide range of performance-oriented investment products and managed account services. Founded in 1995 and listed on the New York Stock Exchange in 2007 under the ticker symbol "GLG", GLG is dedicated to achieving consistent, superior investment returns through traditional, alternative and hybrid investment strategies. The performance GLG generates for its clients is driven by the proven expertise of its team of investment professionals underpinned by a rigorous approach to investment analysis and a strong focus on risk management. GLG managed estimated net assets under management of approximately $23.0 billion as of June 30, 2010. GLG maintains an Investor Relations website at www.glgpartners.com and routinely posts important information on its website for investors. Additionally, GLG uses the website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD promulgated by the SEC. These disclosures are included on GLG's website under the section "Investor Relations — Overview". Accordingly, investors should monitor this portion of GLG's website, in addition to following its press releases, SEC filings and public conference calls and webcasts.