Shareholders of National Dentex, one of the largest operators of dental laboratories in North America, have approved a merger with GeoDigm.
Under the terms of the agreement, National Dentex's shareholders will receive $17 in cash for each share of National Dentex common stock they hold, representing a premium of about 70% over National Dentex's closing share price of $10.02 on April 1, 2010, the last trading day before the merger was announced.
"We look forward to partnering with GeoDigm and its ICON platform to transform dental lab operations and create clear value for our dental clients," said David L. Brown, CEO of National Dentex, in a press release.
With the closing of the merger, National Dentex's common stock ceased trading on Nasdaq July 29 and was delisted.
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