ADESA shareholders green-light Kar acquisition

Shareholders of Carmel-based Adesa Inc. today approved the auto auction’s $3.7 billion acquisition by Kar Acquisition Inc., which is owned by Kelso & Co.; GS Capital Partners, an affiliate of Goldman Sachs; ValueAct Capital and Parthenon Capital.

The price of $27.85 per share was a premium of about 10 percent over the value of Adesa stock when the deal was announced before Christmas.

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