Shareholders of E-Z-EM of Lake Success, NY, have approved the company's proposed acquisition by Italian contrast firm Bracco of Milan.
Under the terms of the agreement, stockholders will receive $21 per share in cash, making the transaction worth approximately $241 million. The deal is expected to close on or about April 1, pending the satisfaction or waiver of all the closing conditions in the agreement.
E-Z-EM would become part of Bracco's U.S.-based subsidiary, Bracco Diagnostics of Princeton, NJ.
Related Reading
Bracco to acquire E-Z-EM, October 30, 2007
Road to RSNA, MRI. E-Z-EM, October 29, 2007
Road to RSNA, CT, E-Z-EM, October 22, 2007
E-Z-EM sales dip in Q1, October 11, 2007
Bracco inks deal with HealthTrust, October 8, 2007
Copyright © 2008 AuntMinnie.com
