Shareholders Approve Medco-Express Scripts Merger

FRANKLIN LAKES, N.J. — In separate meetings, shareholders of Medco Health Solutions here and Express Scripts, St. Louis, approved a proposed merger agreement between the two pharmacy benefit managers. 

The votes were non-binding. The merger requires Federal Trade Commission approval. The agency is expected to rule on the $29 billion deal in the first or second quarter of 2012. Medco said it expects the transaction to close in the first half of 2012.

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