Tele-Cine OKs Todd-AO offer

Shareholders approve $16.32 million deal

Todd-AO Corp. has announced that its acquisition of London-based Tele-Cine Cell Group, the post-production and special effects video and film company, has been accepted by Tele-Cine shareholders. Todd-AO said the offer by its Todd-AO Europe subsidiary to purchase Tele-Cine for about £9.954 million ($16.32 million) had been accepted as of Friday, with holders of 11,620,582 ordinary shares or 93.37% of the outstanding ordinary shares accepting the Todd-AO offer.

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