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Biotech / Medical : Munch-a-Biotech Today

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To: nigel bates who wrote (2337)2/12/2007 11:25:37 AM
From: keokalani'nui  Read Replies (1) of 3158
 
Adeza to Be Acquired by Cytyc for $24 Per Share
Monday February 12, 6:00 am ET
Purchase Price of Approximately $450 Million

SUNNYVALE, Calif.--(BUSINESS WIRE)--Adeza (NASDAQ:ADZA - News) today announced the signing of a definitive agreement to be acquired by Cytyc Corporation (NASDAQ:CYTC - News), a leading provider of surgical and diagnostic products targeting women's health and cancer diagnostics, for $24 per share, which is a purchase price of approximately $450 million. The acquisition is expected to occur by means of a tender offer for all of the outstanding shares of Adeza common stock. The definitive agreement has been unanimously approved by the Adeza Board of Directors. The acquisition is subject to customary closing conditions and regulatory approvals, and is expected to be completed before the end of March 2007.
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