Cytyc Reaffirms Offer For Vision Systems

Law360, New York (September 22, 2006, 12:00 AM EDT) -- After coming down with a case of cold feet earlier this week, Cytyc Corp. said on Friday that its $375 million bid for Vision Systems Ltd. was still on—even with an IP lawsuit against Vision on the horizon.

Vision is currently embroiled in a patent infringement suit with former suitor Ventana Medical Systems Inc. Ventana filed the suit after stating it would not attempt to match rival Cytyc’s higher bid.

Cytyc has offered to buy Vision for $2.34 a share, or around $375 million.

Ventana said...
To view the full article, register now.