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UICI Shareholders OK Deal

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Private equity investors plan to complete their previously announced acquisition of UICI April 5, the company says.

UICI, North Richland Hills, Texas, a company that sells health insurance policies designed for students, self-employed people and members of other niche markets, says 99.4% of the company shares that were voted today at a special meeting in Bedford, Texas, approved the deal.

The private equity investors have agreed to pay $37 in cash for each share of UICI stock.

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