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Stock Market & Financial Investment News

News Breaks
January 29, 2013
06:06 EDTDGITDigital Generation says won't address Merulo proposals at Annual Meeting
DG announced that the nominations and proposals received from Alex Meruelo and Meruelo Investment Partners, as set forth in the notice provided to the company on January 17 and in the preliminary proxy statement filed on January 25, failed on multiple bases to comply with the company's bylaws for consideration at DG's 2012 Annual Meeting of Stockholders on February 21. For this reason, the proposals and nominations will not be addressed at the Annual Meeting. DG announced an agreement with the Clinton Group, Inc. on January 16 to nominate two new independent directors for election at the company's 2012 Annual Meeting and to increase the size of the Board from seven to eight members. The Clinton Group, which owns approximately 6% of the outstanding shares of DG's common stock, has agreed to vote its shares in support of all DG director nominees at the 2012 Annual Stockholder Meeting.
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