Alliance Imaging Announces Stockholder Approval of Recapitalization.ANAHEIM, Calif.--(BW HealthWire)--December 18, 1997--Alliance Imaging, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SCAN), the nation's largest provider of hospital-based fixed-site and mobile magnetic resonance imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ) and computed tomography Computed tomography (CT scan) X rays are aimed at slices of the body (by rotating equipment) and results are assembled with a computer to give a three-dimensional picture of a structure. (CT) services, today announced that at the Special Meeting of Stockholders held yesterday its stockholders approved the previously announced recapitalization pursuant to which affiliates of Apollo Management Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black (Apollo Advisors). Based in New York, it also has offices in Los Angeles and London. It has invested over $16 billion in companies inside and outside the of the United States. , L.P. will acquire control of Alliance. The Company also indicated that stockholders made retained share elections, in the aggregate, for more than the 411,358 shares to be retained pursuant to the merger agreement. As a result, stockholders who made retained share elections will be subject to a proration Proration A situation during a corporate action in which the available cash or shares are not sufficient to satisfy the offers tendered by shareholders. Therefore, a proportion of both cash and shares is granted for each offer tendered. reduction in their number of elected retained shares. Shares which are not retained following such prorations will be canceled in exchange for $11.00 per share in cash. Stockholders who did not make a retained share election, or who elected all cash, will receive $11.00 per share in cash for all of their shares. The Company reported that the closing of the recapitalization and related financing transactions is scheduled for today. Following the closing, stockholders will receive information about retained share prorations and materials containing instructions for the surrender of stock certificates and receipt of payment for shares. Alliance Imaging, Inc. is a leading provider of comprehensive diagnostic imaging services to hospitals and other healthcare providers. Services are provided on either a mobile, shared-user basis or on a full-time single-user basis. CONTACT: Alliance Imaging, Inc. Terrence M. White - Senior Vice President 714/688-7100 www.allianceimaging.com or The Financial Relations Board Karen Taylor Karen Taylor is an English comedienne from Barrow-in-Furness, Cumbria. She is a former finalist in the prestigious Daily Telegraph Open Mic Award[1] and has fronted her own sketch show on BBC Three, entitled Touch Me, I'm Karen Taylor. - General Information Moira Conlan - Analyst Contact Steve Seiler - Media Contact 310/442-0599 |
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