Eckert & Ziegler Announces Offer to Acquire Theragenics (TGX) for $2.20 p/sh

Eckert & Ziegler Strahlen-und Medizintechnik AG announced today that it has submitted a non-binding proposal to the Board of Directors of Theragenics Corporation (TGX), based in Buford, Georgia, USA to acquire all the outstanding shares of Theragenics for $2.20 per share, in cash.

The offer represents a total equity value of approximately $74 million and a premium of 38.4% over Theragenics’ closing stock price on March 16, 2011. The offer also represents a premium of 15.8% over the 52 week high trading price of Theragenics stock.

Shares of Theragenics Corp. are currently higher on the session by 25.79%, trading at $2.00.

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