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Article: Merge Healthcare Gets Shares Tendered in Exchange Offer for Shares of etrials Worldwide.
- Article from:
- Health & Beauty Close-Up
- Article date:
- July 17, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, 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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Merge Healthcare Inc., a health IT solutions provider, and etrials Worldwide, Inc., a supplier of clinical trials software and services, announced the expiration of the exchange offer for the shares of etrials' common stock by Merge Acquisition Corp., a subsidiary of Merge Healthcare.
The exchange offer expired at midnight, EST, at the end of July 14.
In a release, the companies noted that at the time of expiration, Merge Healthcare was notified by its transfer agent and depositary that shareholders of etrials had validly tendered and not withdrawn a total of 9.6 million shares of etrials common stock, which represents approximately 86 percent of the ...