FMC Moves to Buy Advanced Machine Vision
CHICAGO, Feb. 7 -- FMC Corp. has declared its interest in acquiring Advanced Machine Vision Corp. (AMVC), proposing to AMVC's board of directors a purchase price of $1.75 per share in cash for a total of approximately $27 million.
Charles H. Cannon, FMC vice president and general manager of FMC FoodTech, said, We believe this transaction makes great sense from the standpoint of both companies. For FMC FoodTech, optical sorting technology complements our food safety and solutions strategy. In addition, our global sales and service capability can strengthen AMVC's market access. For Advanced Machine Vision Corp., we believe its shareholders will be provided with a full and fair price and its employees and customers will be given an opportunity for enhanced growth and stability.
LATEST NEWS
- CLEO Heads to the East Coast
Apr 29, 2024
- Laser-Based Gas Analyzer Developed to Detect Air Pollution
Apr 29, 2024
- Qubits Could be Stored in Flash-Like Memory
Apr 29, 2024
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024