Search
Menu

Fischer Imaging, GE Medical Swap $6 Million in Stock

Facebook X LinkedIn Email
DENVER, Colo., March 31 -- Fischer Imaging Corp. announced an agreement with General Electric Company on behalf of its Medical Systems under which 62% of the 1,333,333 shares of Fischer Series D Preferred Stock currently owned by GE Medical will be exchanged for a non-exclusive right to manufacture Fischer's Tilt-C Table System. The remaining 506,667 shares of Series D Preferred Stock are convertible into an equal number of shares of Fischer common stock.

Completion of the necessary technology transfer is required by mid-April, but it is expected that Fischer will continue to manufacture the Tilt-C for GE Medical through at least the end of 1999.

Published: March 1999
News & Features

We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.