Theragenics Stockholders Approve Merger Deal With Juniper Investment

(RTTNews) - Theragenics Corp. (TGX) announced that its stockholders have approved a merger agreement with Juniper Investment Company, LLC, by which Juniper Investment will acquire Theragenics for $2.20 per share in cash.

According to Theragenics, Over 96% of the votes cast at today's special meeting were voted in favor of the Merger Agreement, representing about 64% of the company's outstanding common stock as of September 16, 2013, the record date for the special meeting. Following the closing of the transaction, the company's common stock will no longer be publicly traded, and the Company will be a wholly owned subsidiary of an affiliate of Juniper Investment Company, LLC.

The company expects that the transaction will be completed as promptly as practicable, subject to customary closing conditions.

In early-August 2013, Theragenics announced a definitive merger agreement pursuant to which a newly formed affiliate of Juniper Investment Company would acquire all the outstanding common stock of Theragenics for $2.20 per share in cash.