BioTelemetry Research Acquisition Corporation (Rockville, MD), the wholly owned subsidiary of BioTelemetry Inc (Malvern, PA), is commencing a cash tender offer to purchase all outstanding common and preferred shares of VirtualScopics Inc (Rochester, NY).
The tender offer is being made pursuant to an offer to purchase, dated April 8, 2016, and in connection with the agreement and plan of merger, dated March 25, 2016, among BioTelemetry and VirtualScopics, which BioTelemetry and VirtualScopics previously announced on March 25, 2016. Following the completion of the tender offer, BioTelemetry expects to consummate a second-step merger at the same per-share price paid in the tender offer for shares not purchased in the tender offer.
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