Milwaukee-based Merge Technologies Holdings Co has purchased all of the outstanding exchangeable shares of Merge Cedara ExchangeCo Limited.
The companies said this legal transaction will not affect the weighted average number of common shares outstanding used by Merge Healthcare Incorporated in its computation of basic and diluted earnings per share.
Former holders of exchangeable shares now cease to have any rights as holders of exchangeable shares other than the right to receive one common share of Merge Healthcare Incorporated for each exchangeable share previously held.
As a result of the transaction, Merge Cedara ExchangeCo Limited is now indirectly wholly owned by Merge Healthcare Incorporated.
