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Article: Ventana Medical Systems Statement on Vision Systems Limited.
- Article from:
- Business Wire
- Article date:
- October 9, 2006
CopyrightCOPYRIGHT 2006 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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TUCSON, Ariz. -- Ventana Medical Systems, Inc. (NASDAQ: VMSI) said today that it does not intend to pursue an acquisition of Vision Systems Limited (ASX: VSL) following Danaher Corporation's (NYSE: DHR) recommended tender offer to acquire Vision Systems for A$3.75 (US$2.79) per share. The Company further advised that it has terminated previously disclosed discussions regarding a potential cooperative effort with Danaher to purchase Vision.
Christopher Gleeson, Ventana President and CEO, said, "We indicated from the outset that the acquisition of Vision would have accelerated the realization of our strategy in certain areas. As such we are disappointed to miss ...
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