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Cross Country Healthcare Shareholders Approve Acquisition Proposal

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Cross Country Healthcare (CCRN) shareholders approved the company's merger agreement with KL Criss Cross Intermediate and KL Criss Cross Merger Sub at a special meeting, the company said in a regulatory filing on Friday.

About 23.36 million shares voted in favor of adopting the merger agreement, compared with about 12,300 votes against, the filing said.

The transaction is expected to close in Q3, subject to customary closing conditions and regulatory approvals, according to the filing.

Following the merger, Cross Country Healthcare will become a wholly owned subsidiary of KL Criss Cross Intermediate and will no longer be publicly held.

Its common stock will be delisted from the Nasdaq Stock Market and deregistered under the Securities Exchange Act of 1934, the filing said.

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Cross Country Healthcare Shareholders Approve Acquisition Proposal | FINWIRES