MGM/UA Home Entertainment OKd a purchase.

Shareholders voted to approve MGM/UA Entertainment’s $126-million purchase of the 15% of the home video company not already held by the Culver City-based motion picture company. The vote enables the parent company to proceed with a possible restructuring, first disclosed in a proxy statement last month to the home video company’s shareholders when MGM/UA said it might sell off one or both of its movie studios. MGM/UA spokesman Arthur Rockwell told the Associated Press that “it’s likely a decision will come down within the next couple of weeks.”