In Brief: Physician Sales & Service/Rad-Tech X-Ray
This article was originally published in The Gray Sheet
Executive Summary
Physician Sales & Service/Rad-Tech X-Ray: Sign definitive merger deal valued at about $10.2 mil. Under the terms of the deal, PSS will issue $6 mil. worth of stock "subject to adjustment" for all outstanding shares of Jonesboro, Georgia-based radiology and imaging product distributor Rad-Tech. PSS also will assume about $4.2 mil. in Rad-Tech debt. Rad-Tech's 1996 sales were $31 mil...