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RAPAPORT... Shareholders in LJ International Inc. voted in favor of a proposal to merge with Flora Bloom Holdings, an exempted company with limited liability incorporated under the laws of the Cayman Islands, and Flora Fragrance Holdings Limited, a limited liability business incorporated under the laws of the British Virgin Islands. The completed deal will make the company private at the closing.
Approximately 69 percent of LJ International's outstanding shareholders voted in person or by proxy at the shareholders' meeting with more than 83 percent in favor of the merger, according to the company's filing. The company expects the merger to be completed before the end of July, after which shares will no longer be listed on the Nasdaq Global Market.
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