Invivo, Intermagnetics talks heat up

AuntMinnie.com staff writers

Nov 23, 2003

Prospects for a potential acquisition of Invivo by MRI components provider Intermagnetics General appear to be improving.

Just few weeks after patient monitoring provider Invivo turned down an acquisition offer from Intermagnetics, the two firms have agreed to enter into discussions regarding a potential business combination.

As part of the discussions, Intermagnetics of Latham, NY, will perform an exclusive due diligence review of Invivo. The talks are based upon a revised proposal from Intermagnetics to purchase all of the outstanding shares of the Orlando, FL-based firm for $22 per share in cash.

By AuntMinnie.com staff writers
November 24, 2003
Related Reading

Invivo rejects Intermagnetics offer, November 4, 2003

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

Copyright © 2003 AuntMinnie.com

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