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E-Z-EM stockholders OK acquisition
AuntMinnie.com, March 21, 2008
Shareholders of E-Z-EM of Lake Success, NY, have approved the company's proposed acquisition by Italian contrast firm Bracco of Milan. Under the terms of the agreement, stockholders will receive $21 per share in cash, making the transaction worth approximately $241 million.
The deal is expected to close on or about April 1, pending the satisfaction or waiver of all the closing conditions in the agreement.
E-Z-EM would become part of Bracco's U.S.-based subsidiary, Bracco Diagnostics of Princeton, NJ.
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