MedAssets Inc’s (Alpharetta, GA) stockholders approved the previously disclosed agreement and plan of merger with Pamplona Capital Management LLP (New York, NY) at its special meeting of stockholders. Approximately 99.8 percent of the total votes cast, which represented approximately 89.7 percent of the total shares outstanding as of the November 24, 2015 record date for the special meeting, were voted as in favor of the approval and adoption of the merger agreement and the merger. MedAssets’ stockholders also approved, on a non-binding basis, the compensation that will or may become payable to MedAssets’ named executive officers in connection with the merger. The approval and adoption of the merger agreement and the merger by MedAssets’ stockholders satisfies a condition to the proposed acquisition, which is expected to close by the end of January 2016 subject to certain other customary closing conditions.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.