Elbit purchase of Diasonics approved

October 26, 1994

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

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.