Catalyst Health Solutions Inc. (CHSI: Quote) Monday announced its stockholders approved the proposal to adopt the agreement and plan of merger with SXC Health Solutions Corp. (SXCI). Under the terms of the merger agreement, Catalyst and SXC will combine in a cash and stock transaction valued at about $4.75 billion. Catalyst stockholders will receive $28.00 in cash without interest and 0.6606 of a share of SXC stock for each Catalyst share.
Over 99 percent of the shares, constituting approximately 88 percent of the total number of shares of Catalyst common stock voted in favor of the proposal to adopt the merger agreement.
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by RTT Staff Writer
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