|
|
Article: Thermage Rejects Unsolicited Acquisition Proposal.
- Article from:
- PR Newswire
- Article date:
- September 4, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. 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)
|
HAYWARD, Calif., Sept. 4 /PRNewswire-FirstCall/ -- Thermage, Inc. announced today that its Board of Directors, in consultation with its legal and financial advisors, unanimously determined to reject the previously announced unsolicited, non-binding proposal to acquire Thermage for $5.50 per share and that Thermage will not enter into discussions with the third party regarding its alternative acquisition proposal to the pending merger with Reliant Technologies, Inc. The Thermage Board determined to pursue closing the Reliant transaction as soon as possible.
Chairman of the Board, President and Chief Executive Officer, Stephen J. Fanning stated, "We are fully ...