LAKE SUCCESS, N.Y.--(HSMN NewsFeed)--E-Z-EM, Inc. (NASDAQ: EZEM ) announced today that the stockholders of the Company voted to adopt the merger agreement providing for the acquisition of the Company by Bracco Diagnostics Inc. (Bracco), the US-based subsidiary of Bracco Imaging S.p.A and part of the Bracco Group, at a special meeting of the stockholders held yesterday, Thursday March 20, 2008, in Garden City, NY. The number of shares voting to adopt the merger agreement represents approximately 69.1% of the total number of shares outstanding and entitled to vote.
The proposed merger was announced on October 30, 2007 and is expected to close on or about April 1, 2008, pending the satisfaction or waiver of all the closing conditions set forth in the merger agreement. Under the terms of the merger agreement, Company stockholders will receive $21.00 per share in cash, without interest.
Monday, March 24, 2008
E-Z-EM, Inc. Stockholders Approve Merger Agreement
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