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Article: Intuitive Surgical and Computer Motion Close Merger; Intuitive Surgical Completes Reverse Stock Split.
- Article from:
- Business Wire
- Article date:
- June 30, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SUNNYVALE, Calif.--(BUSINESS WIRE)--June 30, 2003
Intuitive Surgical, Inc. (NASDAQ: ISRG), the leader in operative surgical robotics, today announced that it has completed its merger with Computer Motion. Stockholders of both Intuitive Surgical and Computer Motion approved the merger in stockholder meetings held earlier today. In connection with the closing of the merger, each outstanding share of Computer Motion common stock was converted into the right to receive 0.51426943 shares of Intuitive Surgical common stock, without giving effect to the reverse stock split described below. Former stockholders of Computer Motion will receive ...