HireRight stockholders OK merger with USIS

By Lisa Kerner

Charlotte, N.C., Aug. 19 - HireRight, Inc. stockholders voted to approve the company's proposed merger with a wholly owned subsidiary of US Investigations Services, LLC at a special meeting held on Monday.

A preliminary tally shows that 9,074,445 shares, or 78.65% of HireRight's total outstanding voting shares as of the July 15 record date, were voted in person or by proxy.

Of those shares voting, 9,073,931 voted in favor of the deal, according to a HireRight news release.

The July 29 amended merger agreement gives HireRight stockholders $19.75 in cash, without interest, for each share of HireRight's common stock held, according to a HireRight news release.

USIS originally offered to buy HireRight for $15.60 per share in cash in a deal valued at approximately $195 million.

The transaction is expected to close by the end of the month, HireRight noted.

USIS provides security screenings, background investigations, employment and drug screening services, automotive insurance underwriting services and national security solutions to government and corporate clients. The company is located in Falls Church, Va.

HireRight, based in Irvine, Calif., provides on-demand employment background and drug screening solutions.

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