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MGC Diagnostics Corp (MGCD.OQ)

MGCD.OQ on NASDAQ Stock Exchange Capital Market

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

MGC Diagnostics Agrees To Be Acquired By Altus Capital Partners
Monday, 27 Nov 2017 

Nov 27 (Reuters) - MGC Diagnostics Corp ::MGC DIAGNOSTICS CORPORATION AGREES TO BE ACQUIRED BY ALTUS CAPITAL PARTNERS.MGC DIAGNOSTICS - ‍ALTUS WILL ACQUIRE ALL OUTSTANDING SHARES OF MGCD FOR $11.03 PER SHARE IN CASH, OR APPROXIMATELY $50.3 MILLION​.MGC DIAGNOSTICS - ‍ALTUS WILL COMMENCE A TENDER OFFER FOR ALL CO'S SHARES AFTER NOVEMBER 27, 2017​.MGC DIAGNOSTICS CORP- ‍MGCD'S BOARD UNANIMOUSLY APPROVED ACQUISITION AGREEMENT​.MGC DIAGNOSTICS CORP - ‍UPON COMPLETION OF DEAL, MGCD WILL BECOME A PRIVATELY HELD COMPANY​.MGC DIAGNOSTICS CORP- PURCHASE PRICE WILL BE FUNDED THROUGH EQUITY COMMITMENTS MANAGED BY ALTUS & SENIOR & MEZZANINE COMMITMENTS FROM THIRD PARTIES​.  Full Article

MGC Diagnostics says gets FDA 510(K) clearance for Resmon PRO FULL, Forced Oscillation Technique device
Tuesday, 28 Jun 2016 

Mgc Diagnostics Corp :MGC Diagnostics Corporation receives FDA 510(K) clearance for Resmon(TM) pro full, forced oscillation technique (FOT) device.  Full Article

MGC Diagnostics announces early repayment of debt
Tuesday, 14 Jun 2016 

MGC Diagnostics Corp : MGC Diagnostics Corporation announces early repayment of debt . Paid off remaining $2.5 million balance of its 5-year, $4.0 million term loan and has terminated its revolving credit facility with BMO Harris Bank . Announced it has resolved pending litigation with Neurovirtual regarding a disputed distribution agreement . Says in connection with settlement, MGC will record a pre-tax charge of $670,000 for quarter ended April 30, 2016 .Parties agreed to settle lawsuit for a one-time cash payment of $650,000 by MGC Diagnostics to Neurovirtual.  Full Article

MGC Diagnostics posts Q2 EPS of $0.10
Wednesday, 1 Jun 2016 

MGC Diagnostics Corp : Q2 earnings per share $0.10 . Reports fiscal 2016 second quarter results .Q2 revenue rose 8 percent to $9.4 million.  Full Article

BRIEF-Altus Capital Partners Commences Tender Offer for All Outstanding Shares of MGC Diagnostics Corp

* ‍ALTUS CAPITAL PARTNERS - AC BREATHE MERGER SUB INC COMMENCED PREVIOUSLY-ANNOUNCED TENDER OFFER FOR ALL SHARES OF MGC DIAGNOSTICS CORP AT $11.03/SHARE​ Source text for Eikon: Further company coverage: