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MTS Medication Technologies, Inc. Stockholders Approve Merger Agreement
ST. PETERSBURG, Fla. - December 18, 2009 - MTS Medication Technologies, Inc. (NasdaqCM:MTSI), an international provider of medication adherence packaging systems, announced that at the Company’s special meeting held today, the stockholders of the Company voted to adopt the Agreement and Plan of Merger, dated as of August 7, 2009, by and among the Company, MedPak Holdings, Inc., an affiliate of Excellere Partners, LLC, and MedPak Merger Sub, Inc., a wholly owned subsidiary of MedPak Holdings, Inc. The transaction is expected to be completed on or about December 22, 2009, subject to the satisfaction of certain customary closing conditions. Under the terms of the merger agreement, the Company’s stockholders will be entitled to receive $5.75 per share in cash, without interest. Continue