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Elscint/General Electric

This article was originally published in The Gray Sheet

Executive Summary

Definitive agreement for Elscint to sell its nuclear medicine and magnetic resonance medical imaging businesses to General Electric's GE Medical Systems division for $100 mil. is finalized. Separately, Elscint signs a definitive agreement to sell its computed tomography division to Picker International, a subsidiary of U.K.-based General Electric Company, plc, for $269.5 mil. Agreements in principle were announced in September ("The Gray Sheet" Sept. 21, p. 14)
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