|
|
Article: GE CELEBRATES ITS LUNAR LANDING FIRM MAKES BONE-SCANNING DEVICES.(Business)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- August 9, 2000
CopyrightCOPYRIGHT 2000 Capital Newspapers. 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)
|
The giant, blue banner stretched across Lunar Corp.'s headquarters greeted employees Tuesday morning before its message even became official: ``Welcome to GE Lunar.''
And following a brief, special shareholders meeting to announce the vote approving the $142 million merger, Lunar, a medical equipment company born of UW-Madison research, is now a wholly owned subsidiary of General Electric, the fifth largest corporation in the country.
``Phewww!'' breathed president Richard Mazess, to the applause of the 35 stockholders who attended.
Shareholders will receive approximately 0.322 shares of GE common stock for every share of Lunar they own. GE ...