Merge starts cash and stock offer for etrials

By Associated Press
June 16, 2009 | Comments (0)

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Merge Healthcare Inc. said Tuesday it started a cash and stock exchange for shares of etrials Worldwide Inc., a clinical trial software company Merge agreed to buy earlier this month.

Shareholders of Morrisville, N.C.-based etrials would receive 80 cents and 0.3448 shares of Merge for every etrials share they own. In total, Merge agreed to pay $18.3 million in cash and stock for etrials.

The offer is scheduled to expire at midnight on July 14.

Milwaukee-based Merge Healthcare makes medical imaging and information software.

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