WageWorks Board Reaffirms Support For Merger Deal With HealthEquity

(RTTNews) - The Board of WageWorks, Inc. (WAGE) has recommended that its stockholders vote for the proposal to approve the transaction with HealthEquity at the special meeting. The company expects to close the deal on August 30, 2019.

Previously, WageWorks received an unsolicited, non-binding letter of interest from Mansa Parent Corp. However, the company's Board has concluded that the offer contains significant contingencies and is not reasonably expected to result in a superior proposal. WageWorks noted that Mansa has no track record of having led any acquisition.