WageWorks Inc.'s stockholders approved the company's acquisition by HealthEquity Inc.
In June, HealthEquity agreed to purchase WageWorks' entire issued and outstanding common shares at $51.35 apiece in cash for a total enterprise value of about $2 billion. WageWorks will become a wholly owned subsidiary of HealthEquity following the acquisition.
The companies received antitrust-related approval for the transaction in late July.
The transaction is expected to close Aug. 30.
