Australian e-health supplier iSoft will cease trading on the Australian stock exchange (ASX) today in the lead up to its $460 million buy-out by industry giant CSC.
The deal passed its final regulatory hurdle when it was approved by shareholders on Friday and by the Federal Court this week.
Court orders approving the deal were to be lodged with the Australian Securities and Investment Commission today.
All issued shares and options in iSoft would then be cancelled.
Shareholders in iSoft unanimously approved the proposal last Friday. Majority shareholder OCP also approved the deal, as did investors controlling 96.58 percent of non-OCP shares.