Catamaran Shareholders Approve Acquisition By UnitedHealth Group

(RTTNews) - Catamaran Corp. (CTRX, CCT.TO) announced that its shareholders approved the previously announced arrangement agreement and plan of arrangement providing for the acquisition of Catamaran by UnitedHealth Group (UNH)

Over 99% of the votes represented and cast at the meeting were voted in favor of the approval and adoption of the arrangement agreement and plan of arrangement. Catamaran shareholders also approved, on an advisory, non-binding basis, compensation that may become payable to named executive officers as a result of the acquisition.

Under the terms of the arrangement agreement and plan of arrangement previously announced on March 30, 2015, UnitedHealth Group will acquire, indirectly, all of the issued and outstanding shares of Catamaran, with Catamaran shareholders receiving an amount in cash equal to US$61.50 per common share, without interest and less applicable withholding taxes.

The transaction, which is expected to close in the third quarter of 2015, remains subject to final approval by the Yukon court and Ohio insurance regulator and the satisfaction of other customary closing conditions.