QUEENSBURY, N.Y., Jan. 29 (UPI) -- U.S. cardiac device maker AngioDynamics said Monday it has completed its acquisition of RITA Medical Systems.
Under the transaction, each share of RITA common stock was converted into the right to receive 0.1722 of a share of common stock of AngioDynamics and $0.515 in cash, the company said.
"This business combination is about growth, leadership and long-term value creation," said Eamonn Hobbs, president and chief executive officer of AngioDynamics.
"AngioDynamics now stands as a leader in serving the needs of interventional radiologists, surgeons and other medical specialties with a compelling product portfolio of exciting technologies," he said.
RITA shares stopped trading on The Nasdaq Global Market at the close of trading Monday and will be delisted, AngioDynamics said.
