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This article was originally published in The Gray Sheet
THERMO ELECTRON'S $50 MIL. STOCK-SWAP ACQUISITION OF BIRD would value Bird shares at $8 each, an approximately 21% premium to Bird's $6-5/8 closing price on June 8. Thermo announced June 9 that it had signed a letter of intent with Bird Medical Technologies under which it would acquire Bird in a stock-for-stock transaction.
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