Hospira Shareholders Approve Merger of Hospira and Pfizer at Special Meeting

Hospira has announced that Hospira shareholders voted in favor of the proposal to adopt the merger agreement with Pfizer Inc. at a special meeting of stockholders held today, 13 May 2015, in Denver, Colo. 

On 5 February 2015, Hospira and Pfizer announced they had entered into a merger agreement under which Pfizer will acquire Hospira for $90 per share in cash for a total enterprise value of approximately $17 billion. The merger is subject to customary closing conditions, one of which was approval of the merger by Hospira's shareholders. Additional closing conditions to be met include obtaining regulatory approvals in several jurisdictions.

At the Special Meeting today, 140.8 million shares were voted in favor of the merger agreement, or 99.4% of shares voted for the merger proposal and approximately 81.5 percent of Hospira's outstanding shares.

Hospira and Pfizer continue to expect the merger to close in the second half of 2015.