Virtual Radiologic/NightHawk Radiology
On September 27, 2010, Virtual Radiologic (Nasdaq: VRAD) and NightHawk Radiology (Nasdaq: NHWK) announced that they have entered into a merger agreement whereby vRad would acquire all outstanding shares of NightHawk for a consideration of $6.50 per share in cash, or $170 million total.
The transaction is expected to be completed in Q111.
Morgan Stanley & Co., Incorporated is serving as financial advisor. Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal counsel to NightHawk. Weil, Gotshal & Manges LLP is serving as legal counsel to vRad. KPMG LLP is providing transaction and tax advisory services to vRad.
The transaction is expected to be completed in Q111.
Morgan Stanley & Co., Incorporated is serving as financial advisor. Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal counsel to NightHawk. Weil, Gotshal & Manges LLP is serving as legal counsel to vRad. KPMG LLP is providing transaction and tax advisory services to vRad.
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Notable Mergers and Acquisitions of the Day 09/27: ACV/UL, LUV/AAI, VRAD/NHWK
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Morning Movers 09/27: NHWK, BLTI, AAI, BIOF, ACV, HNR, BBX, SGEN, GFRE Higher; BPZ Lower
