BOSTON (Thomson Financial) - Matria Healthcare Inc. Thursday said it
received shareholder approval in connection with its proposed merger with
Inverness Medical Innovations Inc.
Matria said it expects the transaction to close "promptly" after customary
closing conditions are met.
In January, Matria agreed to a $900 million takeover by medical testing
products maker Inverness Medical.
Shares of Matria, a Marietta, Ga.-based wellness program provider, rose 2.7%
to $24.30.
Casey Logan
cl/jw
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