Benzinga | Jun 10, 2021 01:25PM EDT

Leaf Shareholders Approve Graham Acquisition

* Leaf Group Ltd (NYSE:LEAF) shareholders approved the merger agreement under which education and media company Graham Holdings Co (NYSE:GHC) will acquire Leaf Group for $8.50 per share in an all-cash transaction valued at $323 million.

* The agreement was inked in early April.

* Holders of 59.14% shares voted to approve the merger agreement.

* Price action: GHC shares traded lower by 1.44% at $651.26, and LEAF shares traded higher by 0.83% at $8.49 on the last check Thursday.