- At a special meeting of shareholders held on Friday, Centene (NYSE:CNC) 99% of the shares voting backed the Health Net (NYSE:HNT) merger. The affirmative votes represented 85% of all outstanding shares. Shareholders also approved the increase of authorized shares to 400M from 200M.
- Also on Friday, 97% of Health Net's voting shareholders backed the merger, representing more than 78% of all outstanding shares.
- The transaction is expected to close in early 2016.
- Previously: Centene takes out Health Net for $6.8B (July 2)