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Article: Tanox, Inc. Stockholders Approve Merger With Genentech, Inc.
- Article from:
- PR Newswire
- Article date:
- January 15, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, Jan. 15 /PRNewswire-FirstCall/ -- Tanox, Inc. (the "Company") announced today that its stockholders have voted to adopt the merger agreement providing for the merger of the Company and a wholly owned subsidiary of Genentech, Inc. , at the Company's special meeting of stockholders held today in Houston, Texas.
Approximately 34.2 million shares of common stock were voted at the special meeting in favor of the adoption of the merger agreement, representing about 75.5 percent of Tanox's total outstanding shares and 99.9 percent of the number of shares voted at the meeting. Adoption by the affirmative vote of the holders of a majority of shares of our ...