March 24, 2008 - E-Z-EM Inc. stockholders voted in favor of a merger agreement providing for the acquisition of the company by Bracco Diagnostics Inc., the U.S.-based subsidiary of Bracco Imaging S.p.A and part of the Bracco Group.
The number of shares voting to adopt the merger agreement represents approximately 69.1 percent of the total number of shares outstanding and entitled to vote. The proposed merger was made public Oct. 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.
For more information: www.ezem.com, www.bracco.com