The TriZetto Group (TZIX) Shareholders Vote in Favor of Merger Agreement with Private Equity Firm
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The TriZetto Group, Inc. (NASDAQ: TZIX) announced that at its special meeting of stockholders this morning, stockholders representing 34.2 million shares, or 99.8% of shares voted and 79.2% of shares outstanding, voted FOR the proposal to approve and adopt the agreement and plan of merger previously agreed to among TZ Holdings, L.P., an entity that is majority-owned by funds affiliated with Apax Partners, L.P., TZ Merger Sub, Inc., a wholly-owned subsidiary of TZ Holdings and TriZetto.
The TriZetto Group, Inc. offers a portfolio of information technology (IT) products and services targeted to the payer industry, which is comprised of health insurance plans and third party benefits administrators.
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