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Altaris Capital To Acquire Analogic For $1.1 Billion

Cal Biesecker By
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Altaris Capital To Acquire Analogic For $1.1 Billion
Analogic's computed tomography-based ConneCT checkpoint scanner. Photo: Analogic

After a 10-month strategic review, Analogic Corp. [ALOG] on Tuesday said it will be acquired by the private equity firm Altaris Capital Partners for $1.1 billion in cash.Analogic, which provides products in the medical imaging and security detection space, said the agreement maximizes its value for shareholders, pointing out that the $84 per share purchase prices is a 25 percent premium to the $67.45 closing price of the company’s stock last June 7, the day after it announced it was…

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