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AMCS Amicas (MM)

6.04
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Amicas (MM) NASDAQ:AMCS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.04 0 01:00:00

Amicas:Buyout Offer From Merge Is Superior To Thoma Bravo Deal

01/03/2010 1:55pm

Dow Jones News


Amicas (NASDAQ:AMCS)
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Amicas Inc.'s (AMCS) board has deemed a $224.9 million acquisition offer by Merge Healthcare Inc. (MRGE) to be superior to the company's December agreement to be bought by private-equity firm Thoma Bravo LLC.

Amicas said it will terminate its merger agreement if it doesn't reach a better deal with Thoma Bravo in five business days. Shares of Amicas jumped 1.9% to $5.98 in recent premarket action.

Amicas said Merge's offer last week of $6.05 is superior to its December agreement with Thoma Bravo's bid of $5.35. Amicas, which makes radiology, medical-imaging and information-management products, also said it is pushing back its special meeting of shareholders from this coming Thursday to Mar. 16.

Amicas had previously been critical of Merge's offer, at one point calling the bid "highly conditional." But Merge, which develops software products that automate health-care data, later said the bid was fully financed and backed by firms including Morgan Stanley (MS).

Shares of Merge closed Friday at $2.15 and were inactive premarket.

-By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com

 
 

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