DOW JONES NEWSWIRES

Matria Healthcare Inc. (NASDAQ-NMS:MATR) (MATR) said its shareholders approved the acquisition of the company by Inverness Medical Innovations Inc. (AMEX:IMA) (IMA).

Matria, a Marietta, Ga., health-enhancement program provider, said the transaction is expected to close "promptly" after customary closing conditions are met.

Inverness Medical, a Waltham, Mass., health products maker, in January agreed to acquire Matria for $900 million in cash and stock.

Shares of Matria Healthcare (NASDAQ-NMS:MATR) recently changed hands at $24.33, up 63 cents, or 2.7%.

-Adam O. Manzor; 201-938-5400; AskNewswires@dowjones.com

    (END) Dow Jones Newswires   05-08-08 1136   Copyright (c) 2008 Dow Jones & Company, Inc.