Friday, January 20, 2023

Equity Corporate Actions Alert #2023 - 43
(UPDATED: Merger Effective) Information Regarding the Merger of Benefitfocus, Inc. (BNFT)


  • Industry Announcement

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Shareholders of Benefitfocus, Inc. (BNFT) met on Friday, January 20, 2023 and voted to approve the merger of the company with and into Origami Squirrel Acquisition Corp, a wholly-owned subsidiary of Voya Financial, Inc. (NYSE: VOYA). The merger closed prior to the open of business on January 24, 2023. In anticipation of the closing, the stock was halted following the after-hours session on Monday, January 23, 2023. The stock will remain halted on the day of closing (January 24th) and will be suspended effective January 25, 2023. The details are as follows::

Company Name/Issue: Benefitfocus, Inc. Common Stock
CUSIP#: 08180D106
Symbol: BNFT
Last Trading Date: January 23, 2023
Marketplace Effective Date for Suspension: January 25, 2023
Merger Consideration: $10.50 in cash per share held.

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