Feb 25 2010
AMICAS, Inc. (Nasdaq: AMCS), a leader in image and information management solutions, today announced that it has received from Merge Healthcare Incorporated (Nasdaq: MRGE) ("Merge") a proposal to acquire all of the outstanding shares of AMICAS for $6.05 per share in cash, which has been updated to include an executed definitive commitment letter for $200 million of financing from Morgan Stanley and confirmation that Merge will place a portion of the pre-funded proceeds received from its mezzanine investors into an escrow account directly accessible by AMICAS.
As previously announced, on December 24, 2009 AMICAS entered into a definitive merger agreement to be acquired by an affiliate of Thoma Bravo, LLC (the "Thoma Bravo Merger Agreement") for $5.35 per share in cash.
The AMICAS Board of Directors, in accordance with its fiduciary duties and the terms of the Thoma Bravo Merger Agreement, will evaluate the updated Merge proposal to determine the appropriate next steps. AMICAS will advise stockholders of the Board's recommendation in due course, and stockholders are advised to take no action at this time. There can be no assurance that a transaction with Merge will result.
SOURCE AMICAS, Inc.
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