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Vital Signs, GE Healthcare merger to close Thursday
By Lisa Kerner
Charlotte, N.C., Oct. 29 - Vital Signs, Inc. shareholders "overwhelmingly" approved the company's merger with General Electric Co. and Tonic Acquisition Corp. at a special meeting on Wednesday.
The merger is expected to close on Thursday, a Vital Signs news release said.
On July 23, GE Healthcare announced it agreed to acquire Vital Signs for $74.50 per share in cash.
Based in Chalfont St. Giles, England, GE Healthcare is a unit of General Electric and provides medical technologies and services.
Totowa, N.J.-based Vital Signs designs, manufactures and markets primarily single-patient-use medical products for the anesthesia and respiratory/critical-care markets.
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