Radiology service provider Radiologix said that due to current credit market conditions, the financing required to complete its proposed merger with SKM-RD Acquisition (an affiliate of New York venture capital firm Saunders, Karp & Megrue) will not be in place by December 31, 2000.
The Dallas-based company noted that although the companies are in discussions to extend the deadline, no assurances could be given that the December 31 date will be extended. Radiologix stockholders approved the merger, which would give them $7.25 per share in cash or retain 1.12 shares after the merger, on November 22 this year.
By AuntMinnie.com staff writersDecember 27, 2000
Copyright © 2000 AuntMinnie.com
