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LinkedIn sets shareholder vote for Microsoft buyout

Jul. 22, 2016 6:56 PM ETMicrosoft Corporation (MSFT) StockMSFTBy: Jason Aycock, SA News Editor4 Comments
  • LinkedIn (LNKD) has set a special meeting for Aug. 19, to vote on its acquisition by Microsoft.
  • In an SEC filing, the company notes that shareholders will also be asked to vote on a nonbinding proposal regarding compensation for its named executives. Earlier reports showed LinkedIn chief Jeff Weiner's hiring package could be worth up to $88M, including $19M-$21.6M for him if he's let go.
  • Microsoft's $26.2B offer comes to $196/share in cash. After hours: LNKD +0.7% to $191.26.

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