In Brief: IRIS/PSI
This article was originally published in The Gray Sheet
Executive Summary
IRIS/PSI: International Remote Imaging Systems completes acquisition of the digital imaging business of Perceptive Scientific Instruments for $9.1 mil. in cash, a $7 mil. debenture, and "a five year warrant to purchase 875,000 shares of IRIS common stock at $8" each. A letter of intent for the deal was announced in the spring ("The Gray Sheet" May 13, In Brief)...