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Vital Signs, Inc., Marquest Medical Products, Inc., and Scherer Healthcare, Inc., Announce the Signing of a Definitive Merger Agreement
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PR Newswire
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March 14, 1997
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Copyright informationCOPYRIGHT 1997 PR Newswire Association, Inc. 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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TOTOWA, N.J., ENGLEWOOD, Colo., and ATLANTA, March 14 /PRNewswire/ -- Vital Signs, Inc. (Nasdaq: VITL), Marquest Medical Products, Inc. (Nasdaq: MMPI), and Scherer Healthcare, Inc. (Nasdaq: SCHR) announced today that Vital Signs and Marquest have executed a definitive merger agreement providing for Vital Signs to acquire Marquest. In the transaction, Marquest would become a wholly-owned subsidiary of Vital Signs and Vital Signs would pay Marquest shareholders $0.797 per share for each outstanding share of Marquest common stock. Separately, Vital Signs entered into an agreement with Scherer Healthcare, which is the majority shareholder of Marquest, to acquire for cash ...
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