Will, I'm here. The news is, the deal is done...
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Monday November 10, 1:36 pm Eastern Time
Company Press Release
Advanced NMR Systems Merged with Advanced Mammography Systems
WILMINGTON, Mass.--(BUSINESS WIRE)--Nov. 10, 1997--Shareholders of
Advanced Mammography Systems, Inc. (Nasdaq: MAMOC - news) at a special
meeting held today in New York City, approved the merger with a
subsidiary of Advanced NMR Systems, Inc. (Nasdaq: ANMR - news) and the
merger has become effective.
At a separate meeting, Advanced NMR shareholders approved a one-for-ten
reverse stock split of the presently issued and outstanding shares of
Advanced NMR common stock. Advanced NMR Systems, Inc. has changed its
name to ''Caprius, Inc.,'' and its shares will trade on Nasdaq under the
symbol ''CAPR,'' effective November 12, 1997. Advanced NMR shareholders
approved all other items voted upon at the meeting.
In conjunction with the merger, Advanced Mammography Systems' (AMS)
shareholders will receive .40 shares of Advanced NMR Systems' common
stock on a post-split basis for each share of AMS common stock, owned as
of the effective date of the merger. AMS stock will cease trading on
Nasdaq on November 12, 1997.
The new company, Caprius, Inc., is dedicated to the development and
commercialization of the Aurora(TM) system, a breast imaging system
based on magnetic resonance imaging (MRI). The Aurora(TM) is the only
FDA-cleared, MRI-based dedicated breast imaging system in the United
States.
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Regards,
Warren |
