viewProactive Group

Analogic agrees to takeover by private-equity firm Altaris Capital Partners in deal valued at US1.1bln

Altaris Capital will pay US$84 a share in the transaction

Doctor looking through microscope
Acquisition is expected to close later this year

Analogic Corp. (NASDAQ:ALOG), a maker of medical-imaging products, said it agreed to a takeover by private-equity firm Altaris Capital Partners in a deal valued at US$1.1bln.

Altaris Capital will pay US$84 a share, Analogic said in a statement yesterday after the market close. The firm’s shares closed at US$96.05 and are down 13% to US$83.50 in pre-market trading.

Analogic said its board unanimously approved the deal, which is expected to close in mid-2018 and is subject to customary approval and closing conditions.

“The Board strongly believes that a transaction with a buyer with strategic assets like Altaris provides maximum value for and is in the best interest of Analogic stockholders,” Board Chairman Bernard Bailey said in the statement.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


First Mining Gold to acquire East Cedartree claims to bolster its Cameron...

First Mining Gold Corp (TSE:FF) (OTCQX:FFMGF) CEO Dan Wilton tells Proactive the group has added more resource ounces and consolidated its ground at the Cameron Gold project in northwest Ontario, by purchasing the East Cedartree claims from Metalore Resources (CVE:MET). Wilton says the...

6 hours, 56 minutes ago

2 min read