Warner Music Group Corp. Stockholders Approve Adoption of Merger Agreement; Company's Stockholders to Receive $8.25/Sh in Cash

Warner Music Group Corp. WMG announced that at a special meeting of stockholders held earlier today, stockholders voted to adopt the previously announced merger agreement with Airplanes Music LLC and Airplanes Merger Sub, Inc., affiliates of Access Industries, Inc. Under the terms of the Merger Agreement, the Company's stockholders will receive $8.25 per share in cash at the closing of the transaction. The Company currently expects the merger to be completed in the third calendar quarter of 2011, although the Company cannot assure completion by any particular date, if at all.