Cantel Announces Closing of Minntech Merger.Business & Health Editors LITTLE FALLS Little Falls is the name of some places in the United States of America:
Cantel Medical Corp. (Nasdaq NM:CNTL CNTL Control ) today announced that it has completed the closing of its merger transaction with Minntech Corporation. Pursuant to the terms of the merger agreement Minntech shareholders are entitled to receive $6.25 in cash and .2216 of a share of Cantel common stock for each share of Minntech common stock they own. In addition, Dr. Fred Shapiro After perpetrating various frauds, Fredric Alan Shapiro (born Philadelphia, 1954) now gives lectures on ethics and fraud prevention. Between 1986 and 1989, Shapiro, then a lawyer, defrauded ten banks of a total of 8.6 million dollars. According to Assistant U.S. , a nationally recognized nephrologist Nephrologist A doctor who specializes in the diseases and disorders of the kidneys. Mentioned in: Kidney Biopsy nephrologist and co-founder of Minntech, has become a member of the board of directors of Cantel. Cantel and Minntech held simultaneous shareholders meetings on Thursday, September 6, 2001. At the Cantel meeting Cantel's shareholders approved the issuance of Cantel common stock in connection with the merger. At the Minntech meeting Minntech's shareholders approved the merger agreement and the merger. American Stock Transfer & Trust Company is acting as exchange agent for Cantel and will send instructions to Minntech shareholders regarding the procedure for surrendering their shares of Minntech common stock in exchange for the merger consideration. Cantel shareholders need take no action as a result of the merger. Cantel Medical Corp. is a healthcare company concentrating primarily in infection prevention and control products and diagnostic and therapeutic medical equipment. Through its United States subsidiary, MediVators, Inc., Cantel serves customers worldwide by designing, developing, manufacturing, marketing and distributing innovative products for the infection prevention and control industry. Through its Canadian subsidiary, Carsen Group Inc., Cantel markets and distributes medical equipment (including flexible and rigid endoscopes), precision instruments (including microscopes and high performance image analysis hardware and software) and industrial equipment (including remote visual inspection devices). Cantel's subsidiaries also provide technical maintenance services for their own products, as well as for certain competitors' products. Minntech Corporation, utilizing its proprietary core technologies in chemicals, hollow fibers, and electronics, has developed and currently markets a wide variety of medical device reprocessing Reprocessing may refer to:
n the process of destroying pathogenic organisms or rendering them inert. disinfection, full oral cavity, n a procedure used to reduce active periodontal disease, usually completed within a certain short time frame. , cardiosurgery, pharmaceutical, biotechnology and semiconductor industries. Minntech is a world leader in renal dialyzer dialyzer /di·a·lyz·er/ (di´ah-liz?er) hemodialyzer. di·a·lyz·er n. 1. A machine equipped with a semipermeable membrane and used for performing dialysis. 2. reprocessing, providing a broad product line that includes a reprocessing system and a sterilant sterilant a sterilizing agent, i.e. an agent that destroys microorganisms. that each command the largest market share in the U.S. in their respective categories. Over the years, Minntech has been granted over 155 patents on medical technologies, with 87 patent applications pending. |
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