Intermagnetics sways Invivo after raising bid to $162 million
This article was originally published in Clinica
Executive Summary
Despite having been publicly spurned by Californian monitoring equipment maker Invivo less than a month ago, Intermagnetics General has convinced its reluctant takeover target of the merits of a merger. Being about 15% more generous seems to have done the trick, and it is now conducting exclusive due diligence of the Pleasanton-based company.