June 1, 2007
Cytyc postpones annual meeting
By Adam Smartschan
Marlborough-based Cytyc Corp. has indefinitely postponed its annual stockholders meeting, which was scheduled for July 24.
In a statement released today, the company cited its pending merger with Hologic Inc., and anticipation of a special meeting of stockholders relating to it, as the main reason for the postponement.
The diagnostic and medical device company said it would announce the date, time and place of the special meeting once a final determination has been made. The annual meeting would only be held if the merger is not approved or otherwise does not occur.
Cytyc reported net income of $140 million on net sales of $608 million in 2006, up from $114 million in income and $508 million in sales the previous year.
In a statement released today, the company cited its pending merger with Hologic Inc., and anticipation of a special meeting of stockholders relating to it, as the main reason for the postponement.
The diagnostic and medical device company said it would announce the date, time and place of the special meeting once a final determination has been made. The annual meeting would only be held if the merger is not approved or otherwise does not occur.
Cytyc reported net income of $140 million on net sales of $608 million in 2006, up from $114 million in income and $508 million in sales the previous year.
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