Merge Cedara ExchangeCo Ltd., a subsidiary of Merge Technologies Holdings (Toronto) and an indirect subsidiary of Merge Healthcare (Milwaukee), reported that Merge Technologies Holdings Co. has purchased all of the outstanding exchangeable shares of Merge Cedara ExchangeCo Ltd. for purchase consideration of one common share of Merge Healthcare for each exchangeable share.
As a result of this transaction, Merge Cedara ExchangeCo Ltd. is now indirectly wholly owned by Merge Healthcare. Merge Cedara ExchangeCo Ltd. will take steps to give notice and obtain appropriate orders to permit it to cease to be a reporting issuer in those Canadian jurisdictions in which it is currently a reporting issuer.
The share redemption was first disclosed in February.
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