MRI technology firm NanoSignal of Las Vegas said its proposed acquisition of vacuum furnace equipment manufacturer Haverhill Technology Group has fallen apart after the company failed to win approval for the deal from a group of creditors.
NanoSignal announced on September 9 that its proposal to acquire Haverhill’s assets had been accepted by a court representative who is overseeing the disposition of Haverhill. Today, however, NanoSignal reported that it had not received all the required approvals from creditors and "necessary authorities" needed to complete the deal.
NanoSignal said it would continue to commercialize its Slices MRI data processing technology, while also "exploring additional opportunities to strengthen its balance sheet and produce sales for the medical community."
By AuntMinnie.com staff writers
October 8, 2004
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