Women's imaging vendor Fischer Imaging said that it has adjourned its special shareholder meeting today in order to solicit additional proxies to vote on its proposal to sell its mammography assets to Hologic of Bedford, MA.
While Fischer did receive enough proxies to constitute a quorum, the total number of proxies granted in favor of the transaction did not represent the required majority of outstanding shares, said Fischer chair Gail Schoettler. The Denver-based vendor said it remains hopeful that it can obtain enough additional affirmative votes to approve the transaction.
If it's not approved, Fischer will have no other alternative than to initiate bankruptcy proceedings, Schoettler said. The special meeting is scheduled to reconvene on September 28.
By AuntMinnie.com staff writers
September 22, 2005
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Hologic to buy Fischer's mammo technology, June 23, 2005
Fischer names COO, June 3, 2005
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