Fischer boosts stockholders' rights

November 23, 1994

X-ray and mammography vendorFischer Imaging adopted a stockholders' rights plan after receivingseveral unsolicited acquisition inquiries in recent weeks, theDenver company reported this month. Potential suitors reportedlyare attracted by Fischer's

X-ray and mammography vendorFischer Imaging adopted a stockholders' rights plan after receivingseveral unsolicited acquisition inquiries in recent weeks, theDenver company reported this month. Potential suitors reportedlyare attracted by Fischer's relatively low stock price, which closedat 5 1/8 on Nov. 14.

In other Fischer news, the company last week announced a restructuringto better position the firm in line with lower demand for medicalimaging equipment. The restructuring resulted in a one-time chargeof $2.5 million against earnings in the third quarter (end-October).