Inverness Medical Innovations Enters Into a Definitive Agreement to Acquire Matria Healthcare, Inc.

PR Newswire | January 28, 2008 | Copyright

Inverness to Host Conference Call at 10 a.m. EST, January 28, 2008

WALTHAM, Mass., Jan. 28 /PRNewswire-FirstCall/ -- Inverness Medical Innovations and Matria Healthcare, Inc. today announced that they have entered into a definitive agreement pursuant to which Inverness will acquire all outstanding shares of common stock of Matria for $39.00 per share, payable $6.50 in cash plus $32.50 in convertible preferred stock of Inverness (convertible at $69.32, a premium of 30% over the prior five day closing average price of Inverness shares) or, at the election of ...

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