Fujifilm Holdings Corp. has completed its tender offer for all of the outstanding shares of common stock for SonoSite, a Bothell, Wash.-based ultrasound device manufacturer.
Fujifilm completes tender offer for SonoSite
The company said in a news release that it will pay $54 a share, net to the seller in cash, and that it will acquire the remaining outstanding shares through a second-step merger, which is expected to be completed in March.
Tokyo-based Fujifilm announced in December that it planned to acquire SonoSite for $995 million.
"Together with SonoSite we will be able to capture the significant growth opportunities arising from new application areas in point-of-care ultrasound diagnosis and treatment," Fujifilm President and CEO Shigetaka Komori said in the release.
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