Intermagnetics General Corporation announced that the waiting period regarding its acquisition by Philips Holding USA Inc., subsidiary of Koninklijke Philips Electronics, N.V., has expired.
The transaction remains subject to European regulatory approval, and the approval of Intermagnetics' shareholders. The merger is expected to close during the fourth quarter of 2006.
Intermagnetics is a medical device maker of Magnetic Resonance Imaging (MRI) equipment, Invivo Diagnostic Imaging (focusing on MRI components & imaging sub-systems) and Invivo Patient Care (focusing on monitoring & other patient care devices).
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