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SAES Getters to acquire Memry Corporation
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SAES Getters S.p.A. has announced its merger with Memry Corporation in
a 100% equity takeover agreement valued at approximately $77.7 million.
Memry Corp., a manufacturer of nitinol-based and polymer-based next
generation products for the medical device industry, have agreed to the
takeover, which will see the formation of a new Delaware-based company
owned by SAES Getters International Luxembourg S.A.
Holders of Memry shares will receive $2.51 in cash per share for each share of common stock, representing an approximate premium of 73% based on Memry’s American Stock Exchange closing price as of June 23, 2008.
By Síle Mc Mahon