Invivo rejects Intermagnetics offer

AuntMinnie.com staff writers
Nov 3, 2003

Patient-monitoring provider Invivo Research has turned down an acquisition offer by MRI components provider Intermagnetics General (IGC) of Latham, NY.

IGC last month proposed to buy Invivo at a price of $15 per share in cash and $4 per share of IGC common stock, Invivo said. The Orlando, FL-based firm’s board of directors said that the proposed acquisition price represented a premium of only 16.9% over Invivo’s closing price as of the date of the offer.

By AuntMinnie.com staff writers
November 4, 2003

Related Reading

Invivo inks deal with Novation, May 15, 2003

Intermagnetics, Philips agreement expanded, May 15, 2003

Intermagnetics Q1 shows uptick, September 19, 2002

Invivo provides monitoring systems to HealthTrust, July 13, 2001

Invivo signs GPO deal with Consorta, March 28, 2000

Copyright © 2003 AuntMinnie.com

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