The merger is expected to deliver $150m (£199m) to $200m (£159m) in annual cost synergies ... with Getty Images closing the day at $9.76 (£7.79) up 50.2 per cent, while Shutterstock finished ...

In total, Getty expects to pay $331 million plus 319.4 million shares of its stock to acquire Shutterstock. At today's share price, that works out to a valuation of about $1.35 billion on Shutterstock ...

Getty Images and Shutterstock announced that the companies will merge and create a $3.7 billion 'premier visual content company.' ...

Getty Images and ... realizing significant cost synergies and improving cash flow,” he said. Shutterstock shareholders can choose to receive either approximately $28.85 per share in cash for ...

Combined company to achieve $150M–$200M cost synergies ... Getty Images consists of $9.50 in cash and 9.17 Getty Images shares per Shutterstock share before the deal closes.

Image library companies ... the merger will be effected by Shutterstock shareholders handing in their shares to be replaced with either $28.85 in cash per Shutterstock share, or 13.67 shares ...

These elections will be subject to proration to ensure that the total consideration from Getty Images consists of $9.50 in cash and 9.17 Getty Images shares per Shutterstock share before the deal ...