Bethesda, MD -(BusinessWire)- Coventry Health Care, Inc. (NYSE: CVH) recently announced that its stockholders voted at the stockholder special meeting held last week to approve the adoption of the previously announced merger agreement, dated as of August 19, 2012, as amended, providing for the acquisition of Coventry by Aetna.
Of the 104,941,398 shares voting at the special meeting of stockholders, more than 99% voted in favor of the adoption of the merger agreement, which represented approximately 78% of Coventry’s total outstanding shares of common stock as of the October 15, 2012 record date.
The completion of this transaction remains subject to customary closing conditions, including expiration of the federal Hart-Scott-Rodino antitrust waiting period and approvals of state departments of insurance and other regulators.
Coventry and Aetna continue to expect that the transaction will be completed in mid-2013.
Coventry WCS is a WCW Ad Partner.
This is not a paid placement.