Infogroup says court refuses to block Monday’s shareholder vote on sale of database provider

Infogroup says court will allow shareholder vote

OMAHA, Neb. — Infogroup says its shareholder meeting should happen as planned next week after a Delaware judge refused to block the vote on the database provider’s proposed $460 million sale to CCMP Capital Advisors.

Infogroup said in a filing Friday with the Securities and Exchange Commission the judge refused to grant a preliminary injunction sought by the New Jersey Carpenters Pension Fund, but that ruling could be appealed.

Two of Infogroup’s biggest investors say the $8-per-share deal is underpriced and ill-timed.

But the Omaha company has urged shareholders to approve it and the deal has support from Infogroup founder Vinod Gupta, who controls 35 percent of the stock.

The meeting is set for Tuesday. Infogroup shares were trading up 2 cents at $7.92 Friday afternoon.

Online:

Infogroup Inc.: www.infogroup.com

(This version CORRECTS APNewsNow. corrects day of shareholder meeting and updates stock price.)