Fischer delays shareholder vote on Hologic deal

By staff writers

September 22, 2005 -- 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 staff writers
September 22, 2005

Fischer shows Q2 slump, August 16, 2005

Fischer names new CEO, July 11, 2005

Fischer/Hologic deal spells end for SenoScan FFDM unit, June 30, 2005

Hologic to buy Fischer's mammo technology, June 23, 2005

Fischer names COO, June 3, 2005

Copyright © 2005


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