MGM shareholders have approved of the proposed studio takeover bythe LOC Acquisition Company consortium.
The consortium comprises Sony Corp of America, Providence EquityPartners, Texas Pacific Group, Comcast and DLJ Merchant Banking Partners.
The merger plan was adopted at a special meeting of stockholderson Dec 17. Consummation remains subject to clearance under the EuropeanCommission's merger control regulations, and other closing conditions.
MGM's top brands include the James Bond franchise and ThePink Panther. Thecompany also owns a 4,000-plus library that is arguably the most coveted inHollywood.