Benzinga | Oct 7, 2020 01:30PM EDT

Churchill Capital Corp III Reports Shareholders Approve Merger With MultiPlan

Churchill Capital Corp III ("Churchill III") (NYSE:CCXX), a public investment vehicle, announced that in a special meeting held today, its stockholders voted to approve its combination with Polaris Parent Corp., the parent of MultiPlan, Inc. ("MultiPlan"), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, and related matters. Approximately 93% of the votes cast at the meeting, representing approximately 76% of Churchill III's outstanding shares, voted to approve the business combination.

The consummation of the business combination is currently expected to occur on or about October 8, 2020, subject to the satisfaction or waiver of applicable closing conditions. The combined company will be renamed MultiPlan Corporation, and it is anticipated that on October 9, 2020, the ticker symbol of its Class A common shares, which are listed on the New York Stock Exchange, will be changed to "MPLN".