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GE Healthcare Begins Tender Offer to Acquire Clarient, Inc.



11/5/2010 11:02:17 AM

CHALFONT ST GILES, England--(BUSINESS WIRE)--GE Healthcare, a unit of General Electric Company (NYSE:GE) today will commence a cash tender offer to purchase all outstanding shares of common and preferred stock of Clarient, Inc. (NASDAQ:CLRT) through a wholly owned subsidiary of GE, Crane Merger Sub, Inc. On October 22, 2010, the companies announced a definitive agreement whereby GE Healthcare agreed to acquire Clarient in a cash tender offer and subsequent merger for an aggregate cash purchase price of approximately $570 million, net of cash and investments as of September 30, 2010.

Read at BioSpace.com


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