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ELECTROMEDICS BOARD CONTINUES EVALUATION OF STRATEGIC ALTERNATIVES

 ENGLEWOOD, Colo., Nov. 19 /PRNewswire/ -- The board of directors of Electromedics Inc. (NASDAQ-NMS: ELMD) met yesterday to discuss strategic alternatives to maximize shareholder value, including the board's review of a proposal letter it received from Medtronic Inc. in which Medtronic has proposed a merger of the two entities. The merger proposal calls for Electromedics shareholders to receive, at their option, cash or Medtronic common stock at a value of $6.125 per Electromedics common share.
 Electromedics' chairman and chief executive officer, F. James Lynch, stated, "We are committed to maximizing shareholder value, whether through a merger with a suitable partner for acceptable consideration or by realizing our growth prospects on an independent basis. Our board has not yet concluded to sell the company, and we will only recommend to our shareholders a merger proposal which fairly represents the value of Electromedics."
 Electromedics said that no agreement has been reached with Medtronic and that the board has authorized its management and financial advisor, Dain Bosworth Inc., to discuss with Medtronic issues relating to the value and conditions of its proposal letter.
 Electromedics designs, manufactures and markets medical equipment and associated disposable devices, focusing on blood therapy and surgical care. Headquartered in Englewood, Electromedics employs more than 300 men and women. Its products are sold to more than 1,000 hospitals and medical centers throughout the United States and in 30 countries with new sales and service offices located in Frankfurt, Germany and in Strasbourg, France.
 -0- 11/19/93
 /CONTACT: F. James Lynch or Richard B. Carlock of Electromedics, 303-840-4000/
 (ELMD)


CO: Electromedics Inc.; Medtronic Inc. ST: Colorado IN: MTC SU:

MC -- DV002 -- 6588 11/19/93 14:17 EST
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Publication:PR Newswire
Date:Nov 19, 1993
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