Bracco Diagnostics completes merger with E-Z-EM

By Lisa Kerner

Charlotte, N.C., April 1 - E-Z-EM, Inc. said it was acquired by Bracco Diagnostics, Inc. for $21 per share in a deal first announced in October.

Bracco subsidiary Eagle Acquisition Sub, Inc. was merged with and into E-Z-EM, an E-Z-EM news release said.

E-Z-EM shareholders voted to accept the merger agreement at a special meeting in March.

The transaction was valued at some $241 million, a prior news release stated.

Bracco Diagnostics is the U.S.-based subsidiary of Bracco Imaging SpA and part of the Bracco Group. Bracco Imaging is an imaging agent business based in Milan.

Lake Success, N.Y.-based E-Z-EM manufactures contrast agents for gastrointestinal radiology, including an oral imaging product for the Bracco Group. Bracco is E-Z-EM's distributor in Italy.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.