Allscripts shareholders to decide merger with Misys on Sept. 22

By Lisa Kerner

Charlotte, N.C., Aug. 22 - Allscripts Healthcare Solutions, Inc. shareholders will be asked to approve the company's merger with Misys plc subsidiary Misys Healthcare Systems LLC at Allscripts' annual meeting on Sept. 22 at 11 a.m. ET in Chicago.

The transaction is expected to be completed on or about Sept. 26, an Allscripts news release said.

It was previously reported that Misys Healthcare will be merged with a wholly owned subsidiary of Allscripts, while Misys plc will pay $330 million in cash to Allscripts in exchange for 54.5% ownership of the combined company.

Allscripts will pay a special cash dividend of $330 million, or roughly $4.90 per share, to its stockholders of record on the last business day prior to the transaction's close, it was reported in a Securities and Exchange Commission filing.

In addition, Allscripts stockholders will retain the shares they currently own, and Allscripts shares will continue to trade on the Nasdaq under the symbol "MDRX."

Allscripts is a Chicago-based clinical software company. Misys is an applications software and services company located in London.

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