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DataRay Inc. - ISO 11146-Compliant Laser Beam Profilers

Shareholder Issues Complaint over Thermo Vision Merger

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A Thermo Vision Corp. shareholder has issued a complaint against the planned merger of the company and its parent, Thermo Instrument Systems Inc. In early July, Thermo Vision's board of directors voted to sell the company's outstanding common stock held by minority shareholders for $7 a share. That move would enable Thermo Instrument Systems to assume 100 percent ownership of the company. The complaint alleges that stockholders would be "deprived of their investment and the benefits to accrue therefrom, for a grossly inadequate price." It further alleges that the "intrinsic value...Read full article

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    Published: September 1999
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