ADESA, Inc. (NYSE: KAR), North America's largest publicly traded provider of wholesale vehicle auctions and used vehicle dealer floorplan financing, announced that at the company’s Special Meeting of Stockholders held this week, ADESA stockholders approved the adoption of the merger agreement with KAR Acquisition, Inc. The transaction is expected to close in late April. “We are pleased that the merger agreement was approved at today’s special meeting by a majority of our shareholders,” said ADESA, Inc. Chairman and CEO David Gartzke. “We are even more pleased that nearly 75 percent of the shareholders who voted supported the transaction. On behalf of ADESA’s Board of Directors, I want to thank our stockholders and dedicated employees and we look forward to completing this transaction.” As previously announced on December 22, 2006, ADESA entered into a definitive merger agreement under which KAR Acquisition, Inc., an indirect subsidiary of KAR Holdings II, LLC, an entity controlled by a group of private equity funds consisting of Kelso & Company, GS Capital Partners VI, L.P., an affiliate of Goldman Sachs & Co., ValueAct Capital Master Fund, L.P. and Parthenon Investors II, L.P. will acquire all of the outstanding common stock of ADESA for $27.85 per share in cash.