Imaging center chain Radiologix has announced that its shareholders have approved a planned merger agreement with investment group SKM-RD Acquisition, an affiliate of Saunders, Karp & Megrue. Pursuant to the merger, Radiologix shareholders will receive $7.25 per share in cash or retain 1.1224 shares of the Dallas-based Radiologix after the merger.
Based on current information, approximately 15% of the Radiologix common stock outstanding after the merger will be held by existing stockholders, according to the firm. The merger is expected to close by December 31, upon completion of financing. Because Radiologix will have a small number of stockholders after the merger, it will request to be delisted from the American Stock Exchange immediately after the merger closes.
By AuntMinnie.com staff writers
November 23, 2000
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Investment firm buys Radiologix, August 24, 2000
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