Merge Healthcare, Milwaukee, and Amicas, Boston, have announced nearly 92% of outstanding Amicas common stock has been tendered under an acquisition agreement announced in March. Both Merge and Amicas are providers of information technology for radiology. The tender offer for Amicas shares expired Friday.
At expiration, Merge was notified by the depository for the offer that Amicas shareholders had tendered more than 33.9 million shares pursuant to a wholly owned Merge subsidiary after its offer of $6.05 per share, according to a news release.
The Merge subsidiary, Project Ready Corp., intends to acquire all of the remaining outstanding shares of Amicas stock by means of a short-form merger and be converted into the right to receive the offer price of $6.05 a share. According to the announcement, Merge is set to close the deal on or about April 28.