Boston-based AMICAS Inc (AMCS), a provider of radiology and medical image solutions, has agreed to acquired for $217million by Thomas Bravo LLC. The offer of $5.35 is a 21% premium to last week's close of 4.42 per share.
Under the terms of the agreement, AMICAS shareholders will receive $5.35 in cash for each share of AMICAS common stock they hold, representing a premium of approximately 24 percent over AMICAS' average closing share price during the 30 trading days ending December 24, 2009, and a 38 percent premium over AMICAS' average closing share price during the 90 trading days ending December 24, 2009.
"The agreement with Thoma Bravo provides an attractive all-cash valuation to our shareholders, and we look forward to completing the transaction under the terms of the agreement as expeditiously as possible," saidStephen Kahane MD, president, chief executive officer, and chairman of AMICAS.
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