Imaging center chain U.S. Diagnostic has announced that its stockholders have approved the previously announced restructuring plan that could lead to the sale of all or nearly all of the company's imaging centers.
With the restructuring plan, the West Palm Beach, FL-based vendor may reinvest into a new business or businesses with the net proceeds from the sale of its imaging center assets. If USDL is unable or chooses not to reinvest in a new business, the plan authorizes the board to liquidate the company through a distribution to stockholders.
By AuntMinnie.com staff writers
July 24, 2000
Related Reading
USDL puts itself up for sale, May 10, 2000.
USDL results sag in 1999, March 27, 2000.
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