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October 26, 2016
St. Jude Medical Shareholders Approve Merger With Abbott
October 27, 2016—St. Jude Medical, Inc. announced that based on the preliminary voting results from the company’s annual meeting of shareholders held on October 26, St. Jude Medical shareholders approved the merger agreement under which Abbott will acquire St. Jude Medical. The companies expect the transaction to close by the end of the year, subject to regulatory approvals and satisfaction of customary closing conditions.
Based on preliminary vote results, approximately 99% of voting St. Jude Medical shareholders cast their vote in favor of the merger, representing approximately 74% of St. Jude Medical’s outstanding stock as of the record date. The final vote results, including the other proposals’ results, will be available on a Form 8-K that St. Jude Medical plans to file with the Securities and Exchange Commission later this week, advised the company.
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