USA - Humana shareholders approve merger with Aetna
Monday, 10 26 2015, Category: Insurance and Reinsurance, Country: United States
The stockholders of health insurance firm Humana have approved the $37bn worth acquisition deal by Aetna.
The deal was first announced by both firms in July this year. As part of the deal, Aetna will pay $125.00 per share in cash and provides its 0.8375 common shares for each Humana share.
Humana said that the 99% of the shareholders voted in favor of the adoption of the merger agreement, representing around 87% of Humana's total outstanding shares of common stock on 16 September.
Humana offers medical insurance products and services and non-medical insurance products and services through its different affiliates.
Source: Insurance Business Review