Knobias Clip Report (09-03-2008) THRM
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Submitted By Knobias ClipReport
THRM: Board Rejects Unsolicited Acquisition Proposal of $5.50 Per Share
By Fain Hughes, fhughes@knobias.com
Thermage, Inc. (THRM) announced that its Board of Directors unanimously determined to reject the previously announced unsolicited, non-binding proposal to acquire Thermage for $5.50 per share and that Thermage will not enter into discussions with the third party regarding its alternative acquisition proposal to the pending merger with Reliant Technologies, Inc. The Thermage Board determined to pursue closing the Reliant transaction as soon as possible.
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