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news.Shareholders at Britain's largest drugstore Boots and Europe's second biggest drug distributor Alliance Unichem, have voted in favor of the companies' merger at EGMs this week.
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Boots Group and Alliance UniChem announced plans in October 2005 to create Alliance Boots, an international pharmacy-led healthcare group.
Alliance investors will now receive 1.332 new Boots shares for each share they own as part of the deal. Alliance shares will then be cancelled and the new Boots shares will begin dealing on 31 July 2006.
The merger was cleared by competition authorities in May, after Lloydspharmacy owner Celesio failed in its attempt to stop the deal on competition grounds.
A court hearing to sanction the scheme is due on July 26 and the deal is scheduled to be completed on July 31.
In a statement Boots said that all resolutions proposed at the company’s shareholder meeting in London were passed on a show of hands. Alliance Unichem said just over 99.5% of its shareholders voted in favor of the merger.