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Planar Systems Acquires DOME Imaging Systems

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BEAVERTON, Ore., May 1 -- Flat-panel-display maker Planar Systems Inc. has completed its acquisition of DOME Imaging Systems of Waltham, Mass. DOME's display systems for diagnostic imaging will augment Planar's line of medical-grade display and workstation systems. The purchase price of $61 million includes $49 million in cash, $3 million in new Planar shares issued to certain DOME stockholders and about $9 million in the value of existing DOME stock options assumed by Planar. A new $40 million, LIBOR-based debt facility and cash-on-hand were Planar's sources of cash funding. The company's...Read full article

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    Published: May 2002
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