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To: Glenn Petersen who wrote (2074)11/22/2015 3:56:53 PM
From: Glenn Petersen  Respond to of 3862
 
In October 2015, IBM Corporation completed the acquisition of Merge Healthcare (stock symbol: MRGE) for $7.13 per share.

CEA Acquisition raised $24.15 million when it went public on February 13, 2004. On February 9, 2006, the company completed the acquisition of etrials Worldwide (stock symbol: ETWC), a global provider of integrated software for the life sciences industry, On June 1, 2009, etrials Worldwide agreed to be acquired by Merge Technologies (stock symbol: MRGE) in a cash/stock deal valued at $1.70 ($.80 in cash and .3448 shares of MRGE). The IBMI acquisition values the original CEA Acquisition shares at $3.26 each.

Under the terms of the Merger Agreement, at the effective time of the Merger, each share of (i) common stock of Merge, $0.01 par value per share (“Merge Common Stock”), issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive $7.13 in cash (the “Common Stock Merger Consideration”) and (ii) Series A Convertible Preferred Stock of Merge, $0.01 par value per share (“Merge Preferred Stock”), issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive $1500.00 in cash; in each case, without interest and less any applicable withholding taxes.

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