Cantel Industries and MediVators announce merger agreement.CLIFTON, N.J. AND CANNON FALLS, Minn.--(BUSINESS WIRE)--Nov. 15, 1995--Cantel Industries, 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 : CNTL CNTL Control ) and MediVators, Inc. (NASDAQ:MVAT MVAT Master of Visual Arts (University of Southern Queensland; Australia) ) today announced they have entered into a merger agreement whereby Cantel will acquire MediVators. Under the terms of the agreement, upon consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of the merger, each share of MediVators stock will be exchanged for .2571 shares of Cantel stock. When consummated, the merger would result in the stockholders of MediVators owning approximately 998,000 shares of Cantel stock. MediVators, based in Cannon Falls, Minn., designs, manufactures and markets endoscope endoscope, any instrument used to look inside the body. Usually consisting of a fiber-optic tube attached to a viewing device, endoscopes are used to explore and biopsy such areas as the colon and the bronchi of the lungs. disinfection disinfection, 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. equipment and supplies and medical waste disposal systems. MediVators currently supplies its endoscope disinfection equipmnet to Cantel's Canadian subsidiary. Cantel, throigh its Canadian subsidiary, Carsen Group Inc., markets and distributes medical equipmnet (including flexible and rigid endoscopes), precision instruments (including microscopes and image analysis systems) and industrial equipment (including remote visual inspection devices and laser distance measurement equipment). Carsen also offers a range of photographic equipment and business products. The merger is subject to the approval of stockholders of both companies and certain other conditions. In connection with the proposed merger, Cantel intends to file a Registration Statement on Form S-4 with the Securities and Exchange Commission, which will cover the issuance of Cantel's common stock to stockholders of MediVators in exchange for shares of MediVators common stock. The issuance of shares of Cantel stock, in the merger will be made only by means of the prospectus included in the Registration Statement. CONTACT: Cantel Industries, Inc. James P. Reilly, 201/470-8700 or Martin E. Janis & Company, Inc. Rebecca L. Hayne, 312/943-1100 |
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