UXC shareholders have voted in favour in favour of merging with CSC in a deal that would create the largest IT services provider in the country.
Votes in favour came in at 98.3 percent, accounting for 2226 shareholders.
The scheme is still subject to approval from the Supreme Court of Victoria, scheduled for 11 February. If successful, UXC shareholders will receive $1.22 cash per share, with the new stocks to begin trading on 26 February.
The combined company would generate $1.4 billion in annual revenue and a staff headcount of 5100, placing it among the largest Australian IT providers ahead of Dimension Data Australia and Data#3.
During the scheme meeting, CSC chief financial officer and chief operating officer Wayne Andrews announced he will resign after three and a half years with the company. Andrews joined CSC in 2012 after spending twelve-and-a-half years at Oracle.
Prior to joining CSC, Andrews was vice president of finance for Oracle's Japan and Asia Pacific operations. He will be repliced by CSC financial director for Asia Stuart Adams.
UXC chief executive Cris Nicolli announced his intentions to retire from the company after the acquisition is complete.
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