By staff writers

March 30, 2012 -- Healthcare conglomerate Fujifilm Holdings, the parent company of Fujifilm Medical Systems USA, has completed its acquisition of SonoSite, making the handheld-ultrasound firm its wholly owned subsidiary, Fuji reported on March 30.

The acquisition was announced in December, when Fuji entered into a definitive merger agreement with SonoSite in response to an offer for all outstanding shares of the company's stock at $54 per share. The tender offer was completed in February, and following guaranteed procedures, Fuji acquired 89.94% of SonoSite's shares, Fuji said.

The merger was approved at a special meeting of SonoSite shareholders on March 29. SonoSite's stock also ceased trading on the Nasdaq Global Select Market at the close of business March 29, Fuji reported.

Copyright © 2012

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