TriPath Imaging Stockholders Approve Merger With Becton, Dickinson and Company
December 19 2006 - 12:48PM
PR Newswire (US)
BURLINGTON, N.C., Dec. 19 /PRNewswire-FirstCall/ -- TriPath
Imaging, Inc. (NASDAQ:TPTH) today announced that its stockholders
have approved its merger agreement with BD (Becton, Dickinson and
Company) (NYSE:BDX), pursuant to which BD will acquire the
approximately 93.5% of the outstanding shares of TriPath Imaging,
Inc. that BD does not currently own. Under the agreement, BD will
pay $9.25 per share of TriPath Imaging common stock and will cash
out TriPath Imaging options and stock appreciation rights based on
the same per share consideration. The transaction is expected to
close on or about December 20, 2006. About TriPath Imaging TriPath
Imaging, Inc., headquartered in Burlington, North Carolina,
develops, manufactures, markets and sells innovative solutions to
improve the clinical management of cancer, including detection,
diagnosis, staging and treatment. TriPath Oncology, a wholly owned
subsidiary of TriPath Imaging, develops molecular diagnostic
products for malignant melanoma and cancers of the cervix, breast,
ovary and prostate. SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the proposed transaction
between BD and TriPath Imaging, the expected timetable for
completing the transaction, and any other statements about TriPath
Imaging managements' future expectations, beliefs, goals, plans or
prospects constitute forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including
statements containing the words "believes," "plans," "anticipates,"
"expects," "estimates" and similar expressions) should also be
considered to be forward- looking statements. There are a number of
important factors that could cause actual results or events to
differ materially from those indicated by such forward-looking
statements, including: the ability to consummate the transaction,
completion of closing conditions and factors described in TriPath
Imaging's Annual Report on Form 10-K for the year ended December
31, 2005 and its most recent quarterly report filed with the SEC.
Contact Stephen P. Hall Chief Financial Officer 336-290-8721
DATASOURCE: TriPath Imaging, Inc. CONTACT: Stephen P. Hall, Chief
Financial Officer of TriPath Imaging, Inc., +1-336-290-8721 Web
site: http://www.tripathimaging.com/
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