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Article: Merge Healthcare Commences Exchange Offer for etrials Worldwide, Inc. Shares.
- Article from:
- Biotech Week
- Article date:
- July 1, 2009
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Merge Healthcare (NASDAQ: MRGE) ("Merge"), a health IT solutions provider, and etrials Worldwide, Inc. (NASDAQ: ETWC) ("etrials"), a provider of clinical trials software and services, announced that Merge has commenced an exchange offer for all of the outstanding shares of etrials' common stock pursuant to their previously announced definitive merger agreement dated May 30, 2009, under which Merge will acquire etrials. Subject to the terms and conditions of the exchange offer, etrials' stockholders who validly tender their shares will receive for each share of etrials common stock they tender in the exchange offer (i) $0.80 in cash, without interest, and (ii) 0.3448 ...