E-Z-EM (EZM) Announces Completion of Merger
4/1/2008 10:50:18 AM
LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--E-Z-EM, Inc. (NASDAQ: EZEM - News) announced today it had completed the merger of Eagle Acquisition Sub, Inc., a wholly owned subsidiary of Bracco Diagnostics, Inc. (Bracco), the US-based subsidiary of Bracco Imaging S.p.A and part of the Bracco Group, with and into E-Z-EM, and the other transactions contemplated by the Agreement and Plan of Merger, dated as of October 30, 2007, among Bracco, Eagle Acquisition, E-Z-EM and, for the limited purposes specified therein, Bracco Imaging. Under the terms of the merger agreement, each outstanding common share of E-Z-EM was converted into the right to receive $21.00 in cash, without interest and less any required withholding tax. E-Z-EM is now a wholly owned subsidiary of Bracco.