Positron completes GE due diligence

November 20, 1996

PET developer Positron of Houston has completed the due diligencephase of its planned acquisition of GE Medical Systems' PET business(SCAN 7/31/96). Positron said it is in the latter stages of securingfinancing for the deal, which it expects to have in

PET developer Positron of Houston has completed the due diligencephase of its planned acquisition of GE Medical Systems' PET business(SCAN 7/31/96). Positron said it is in the latter stages of securingfinancing for the deal, which it expects to have in place in fourto six weeks. The company said it hopes to close the deal by theend of this year, after shareholder approval is received.