The Deerfield, Ill., operator of a chain of drug stores said stockholders had tendered and not withdrawn 40.6 million shares, about 96%, of I-trax’s common stock and 2.14 million shares, about 98.6%, of I-trax’s preferred stock, according to preliminary data from the depositary for the offer.

Walgreen said it will merge Putter Acquisition Sub into I-trax and all remaining I-trax stockholders who did not tender their shares in the offer will receive the same price paid in the tender offer.

I-trax’s common stock will cease to be traded on the American Stock Exchange following the merger.

Shares of Walgreen closed Thursday up 15 cents at $35.82, while shares closed unchanged at $5.38.

Source: CNNMoney.com
Original Publication Date: April 25, 2008