Healthcare IT and advanced visualization developer Merge Healthcare of Milwaukee on Friday began its cash tender offer for PACS developer Amicas of Boston.
Amicas shareholders who tender their shares in the offer will receive $6.05 for each share of Amicas common stock tendered and not withdrawn. The tender offer and withdrawal rights are scheduled to expire at 12:00 midnight Eastern Daylight Time, at the end of Thursday, April 15.
Merge on March 19 filed documents with the U.S. Securities and Exchange Commission (SEC) outlining the details of the offer, and on the same day Amicas filed with the SEC a recommendation that Amicas shareholders tender their shares under the offer.
Related Reading
Amicas nets cardiology reporting deals, March 15, 2010
Merge inks deal to acquire Amicas, March 5, 2010
Amicas reconsiders Merge bid, March 2, 2010
Merge updates Amicas offer, February 25, 2010
Merge makes play for Amicas, February 22, 2010
Copyright © 2010 AuntMinnie.com
