Genomic Health Stockholders Approve Proposed Acquisition by Exact Sciences

On November 7, 2019 Genomic Health, Inc. (NASDAQ: GHDX) reported that its stockholders voted to approve the company’s proposed combination with Exact Sciences Corp (NASDAQ: EXAS) at a special meeting held earlier (Press release, Genomic Health, NOV 7, 2019, View Source [SID1234550716]).

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As previously announced on July 29, 2019, Genomic Health and Exact Sciences entered into the merger agreement by which Exact Sciences will acquire Genomic Health in a cash and stock transaction. With the receipt of the required stockholder approval, Genomic Health and Exact Sciences expect to close the transaction on Friday, November 8 subject to satisfaction of the remaining customary closing conditions.

Final vote tallies from the Genomic Health special meeting of stockholders are subject to certification by the Company’s inspector of elections and will be included in a report to be filed by the Company with the Securities and Exchange Commission (the "SEC").