National Dentex (NADX) Acquired for $17/Share, or 70% Premium
National Dentex Corporation (NASDAQ: NADX) entered into a definitive agreement and plan of merger to be acquired by GDC Holdings, Inc. (GDC), which is a holding company of GeoDigm Corporation (GeoDigm), a technology based manufacturing and laboratory company and a portfolio company of Welsh, Carson, Anderson & Stowe XI, L.P. (Welsh Carson).
Under the terms of the merger agreement, National Dentex’s shareholders will receive $17.00 in cash for each share of National Dentex common stock they hold, representing a premium of approximately 70% over National Dentex’s most recent closing share price of $10.02 on April 1, 2010.
The board of directors of National Dentex has unanimously approved and adopted the merger agreement and resolved to recommend that National Dentex’s shareholders approve the merger agreement.
Under the terms of the merger agreement, National Dentex’s shareholders will receive $17.00 in cash for each share of National Dentex common stock they hold, representing a premium of approximately 70% over National Dentex’s most recent closing share price of $10.02 on April 1, 2010.
The board of directors of National Dentex has unanimously approved and adopted the merger agreement and resolved to recommend that National Dentex’s shareholders approve the merger agreement.
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