HealthTronics (HTRN) Withdraws Offer for Endocare (ENDO)
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HealthTronics, Inc. (NASDAQ: HTRN) sent a letter to the Endocare, Inc. (NASDAQ: ENDO) Board of Directors to withdraw its proposal to acquire all of the outstanding shares of Endocare's common stock for $2.28 per share.
In August, Endocare rejected the $2.28 per share offer, saying the offer is "inadequate and not in the best interests of Endocare's stockholders."
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