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Fujifilm to acquire SonoSite

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Fujifilm Holdings Corp has entered into a definitive agreement with SonoSite Inc, pursuant to which Fujifilm, through a U.S. subsidiary, will acquire SonoSite for approximately $995 million.

Fujifilm will make an all-cash tender offer to purchase all outstanding shares of SonoSite common stock for $54 per share in cash. The tender offer is scheduled to commence within 20 business days and will remain open for 21 U.S. business days. Following the completion of the tender offer, Fujifilm intends to acquire the remaining outstanding shares of SonoSite common stock through a second-step merger.

Upon completion of the acquisition, SonoSite will become a wholly owned subsidiary of Fujifilm, and will continue operations in Bothell, WA. SonoSite will continue to be managed by its current leadership team, who will play a key role in driving the group's future growth in the medical equipment sector.

SonoSite specializes in the development of ultra portable and robust devices that are used in more than 20 clinical specialties. The company also recently expanded into the pre-clinical research market with its newly acquired ultra-high frequency micro-ultrasound technology.

The transaction will bring together the complementary strengths of Fujifilm's high-quality imaging technologies and SonoSite's pioneering point-of-care expertise and miniaturization capabilities, amplifying the business' leadership within the growing HCU sector.

© JCN Newswire

©2024 GPlusMedia Inc.

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Don't forget to double check the consultancy fees....

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