FRANKLIN LAKES, N.J., Dec. 21, 2011 /PRNewswire/ -- Shareholders of Medco Health Solutions, Inc. (NYSE: MHS) today approved a proposed merger with Express Scripts.
With approximately 72 percent of the shares entitled to vote present in person or by proxy at a special meeting held today, shareholders adopted the Agreement and Plan of Merger dated July 20, 2011 by a margin of 99 percent to one percent, based on a preliminary tabulation.
In a non-binding advisory vote, shareholders also approved certain merger-related compensation arrangements for Medco's executive officers by a margin of 95 percent to five percent, based on a preliminary tabulation.
The merger is pending a parallel meeting of Express Scripts shareholders, required governmental consents, and other customary closing conditions. Medco expects the merger transaction to close in the first half of 2012.
Medco Health Solutions, Inc. (NYSE: MHS) is pioneering the world's most advanced pharmacy® and its clinical research and innovations are part of Medco making medicine smarter™ for more than 65 million members.
With more than 20,000 employees dedicated to improving patient health and reducing costs for a wide range of public and private sector clients, and 2010 revenues of $66 billion, Medco ranks 34th on the 2011 Fortune 500 list and is named among the world's most innovative, most admired and most trustworthy companies.
For more information, go to http://www.medcohealth.com
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements in this press release should be evaluated together with the risks and uncertainties that affect our business, particularly those mentioned in the Risk Factors section of the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.
|SOURCE Medco Health Solutions, Inc.|
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