ATI Medical Stockholders Approve Sale of Company
The proposed $22-million purchase of ATI Medical Inc. by a unit of Mediq Inc. has been approved by a majority of ATI’s stockholders.
ATI, with executive offices in Glendale and Las Vegas, rents medical equipment to hospitals. Its proposed buyer is Mediq/PRN Life Support Services Inc., which also provides medical-equipment rentals.
The proposal, which was first announced in December, calls for Mediq/PRN to pay $4 for each of ATI’s 5.5 million common shares outstanding.
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