Elbit purchase of Diasonics approved

At their annual meeting lastweek, Diasonics Ultrasound stockholders approved the acquisitionof their company by Israeli technology firm Elbit. Haifa-basedElbit, the parent of medical imaging vendor Elscint, announcedthat it would buy Diasonics in July (SCAN 7/27/94). Diasonicsis based in Milpitas, CA.

The acquisition has also received approval from the FederalTrade Commission, and became effective as of the close of businesson Oct. 19. Diasonics shareholders received $5.512 in cash foreach share of Diasonics stock.