DJO, ReAble merger approved by DJO shareholders, expected to close within the year

By Devika Patel

Knoxville, Tenn., Nov. 6 - DJO Inc. said its stockholders voted at a special meeting at 5 p.m. ET Tuesday to adopt the agreement and plan of merger with ReAble Therapeutics, Inc. The company said it expects the merger to close by the end of the year.

As previously reported, under a July 16 merger agreement, a ReAble affiliate will acquire all outstanding shares of DJO's common stock for $50.25 each. The transaction is valued at $1.6 billion including debt.

DJO is a San Diego-based provider of products and services that promote musculoskeletal and vascular health.

ReAble, located in St. Louis, manufactures and distributes orthopedic devices for musculoskeletal conditions resulting from degenerative diseases, deformities, traumatic events and sports-related injuries.

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