Philips Medical Systems has signed a letter of intent to acquire certain assets of Richardson Electronics' medical glassware business. Philips of Bothell, WA, would purchase the LaFox, IL-based vendor's glassware unit, including the reloading and distribution of x-ray, CT, and image intensifier tubes.
Terms of the transaction were not disclosed, and the deal is subject to due diligence. Richardson will retain its medical monitor and display products business.
By AuntMinnie.com staff writersJanuary 17, 2002
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