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Philips closes ATL acquisition

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Philips parent Royal Philips Electronics of the Netherlands announced this month that the company has closed its acquisition of ATL Ultrasound of Bothell, WA. Philips acquired 94% of ATL shares Sept. 29, and the acquisition was completed Oct. 2 when ATL

Philips parent Royal Philips Electronics of the Netherlands announced this month that the company has closed its acquisition of ATL Ultrasound of Bothell, WA. Philips acquired 94% of ATL shares Sept. 29, and the acquisition was completed Oct. 2 when ATL merged with Philips Acquisition, and the remaining ATL shares were converted into the right for ATL to receive $50.50 per share in cash. The deal is estimated at roughly $800 million. ATL will become an affiliate of Philips Medical Systems.

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