Toshiba Medical Systems Corp., Tokyo, will acquire Vital Images for roughly $273 million, or $18.75 per share, according to a news release from the companies.
Toshiba Medical to buy Vital Images
The deal, which requires approval from the Federal Trade Commission, is expected to close in the second or third quarter of this year, pending the tender of a majority of Vital Images' outstanding shares of common stock. Toshiba is expected to begin the tender offer by May 11. The governing board of Minneapolis-based Vital Images, an imaging and healthcare information technology company, unanimously approved the proposed deal.
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