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Chapter 11 Bankruptcy News Sparks Double Digit Losses.
Canadian Corporate News, February, 2002
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VANCOUVER, BRITISH COLUMBIA, FEBRUARY 20, 2002
Among the wide range of North American stocks available to EquityAlert.com's news alert subscribers, a FREE service available at www.equityalert.com, was Cytyc Corporation (NASDAQ: CYTC) and Digene Corporation (NASDAQ: DIGE), jointly announcing today that they have signed a definitive agreement pursuant to which Cytyc Corporation will acquire Digene Corporation in a stock and cash tender offer transaction.
Cytyc Corporation will issue 23 million shares of common stock and pay $76.9 million in cash for all outstanding equity of Digene Corporation. Each Digene shareholder will receive $4.00 per share in cash plus 1.1969 shares of Cytyc...
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