Bio-logic Systems Corp. Announces Stockholder Approval of Merger.MUNDELEIN, Ill. -- Bio-logic Systems Corp. (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 :BLSC BLSc Bachelor of Library Science BLSC Black Lion Swimming Club (UK) BLSC Boulders, Silt and Clay (lithological term) BLSC Bond Lake Skating Club (Oak Ridges, Ontario, Canada) ) announced that at a special meeting held today its stockholders approved and adopted the Agreement and Plan of Merger, dated as of October 16, 2005, by and among Natus Medical Incorporated, Summer Acquisition Corporation, a wholly-owned subsidiary of Natus, and Bio-logic and approved the merger of Summer Acquisition Corporation with and into Bio-logic, with Bio-logic continuing as a wholly-owned subsidiary of Natus. The merger is expected to close prior to the open of trading on The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. on January 5, 2006. Under the terms, and subject to the conditions, of the merger agreement, Natus will pay $8.77 in cash for each outstanding share of Bio-logic common stock. Cautionary Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This press release contains forward-looking statements that are based on the beliefs of the management of Bio-logic, as well as assumptions made by, and information currently available to, Bio-logic's management. The forward-looking statements are subject to certain risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward looking statements, including the risk that Bio-logic's merger with Natus will not be consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. on a timely basis or at all and other risks related to the pendency Pend´en`cy n. 1. The quality or state of being pendent or suspended. 2. The quality or state of being undecided, or in continuance; suspense; as, the pendency of a suit s>. of the merger. Except as expressly required by the federal securities laws, Bio-logic undertakes no obligation to update or revise these forward-looking statements or forecasts to reflect new events or changed circumstances or for any other reason. |
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