Shareholders Approve Express Scripts Merger with Medco

A significant majority of Express Scripts and Medco Health Solutions shareholders approved a merger of the two companies that would create the largest pharmacy benefits manager in the U.S., with about $100 billion in yearly sales, according to a report by the St. Louis Business Journal.With almost 83% of Express Scripts shareholders voting, about 99.8% approved the plan. With 72% of Medco shareholders voting, 99% were in support of the deal, the Business Journal reported.St. Louis-based Express Scripts plans to pay $29 billion in cash and stock for Medco, headquartered in Franklin Lakes, N.J. ...