Sunrise Senior Living, Inc. (SRZ) announced its stockholders voted to approve the adoption of the previously announced merger agreement with Health Care REIT, Inc. (HCN).
The company said that 98.3 percent of the votes cast by Sunrise stockholders were in favor of this proposal, representing 69.4 percent of the shares of Sunrise common stock entitled to vote.
Sunrise stockholders also voted to approve, on an advisory, nonbinding basis, the contractually based compensation that may be paid or become payable to Sunrise's named executive officers that is based on or otherwise relates to the proposed acquisition, Sunrise stated.
The merger, which remains subject to customary closing conditions, is expected to close on January 9, 2013.
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