Alere Inc. (ALR) , a global leader in rapid diagnostic tests, announced on Friday that its shareholders have voted to approve the company's previously announced amended merger with Pharmaceutical firm Abbott Laboratories (ABT - Get Report) .
In the final count, 63 million of votes cast at a special meeting voted in favor of the amended merger, representing over 72.5% of all outstanding Alere shares as of the May 31.
The final vote results will be filed on a Form 8-K with the Securities and Exchange Commission.
When the merger is finalized, Alere shareholders will receive $51 per common share in cash, and Alere will become a subsidiary of Abbott.
The transaction remains subject to the satisfaction of customary closing conditions, including applicable regulatory approvals.
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