FONAR Corporation Receives Non-Binding Proposal for "Take Private" Acquisition by Management-Led Group

Reuters

07/10

FONAR Corporation Receives Non-Binding Proposal for "Take Private" Acquisition by Management-Led Group

FONAR Corporation, known as the inventor of MR Scanning™, has announced that its board of directors received a preliminary, non-binding proposal from a Proposed Acquisition Group. This group, led by Timothy Damadian and involving certain members of FONAR's management team and board, along with third parties, intends to acquire all outstanding capital stock of FONAR not currently owned by them. The offer suggests a purchase price at a premium of no less than 10% above the average closing market price of FONAR's common stock over the 90 trading days leading up to July 1, 2025. Currently, the Proposed Acquisition Group owns approximately 5.01% of FONAR's stock. A special committee of independent and disinterested board members has been formed to review this proposal.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fonar Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 258308) on July 09, 2025, and is solely responsible for the information contained therein.

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This group, led by Timothy Damadian and involving certain members of FONAR's management team and board, along with third parties, intends to acquire all outstanding capital stock of FONAR not currently owned by them. The offer suggests a purchase price at a premium of no less than 10% above the average closing market price of FONAR's common stock over the 90 trading days leading up to July 1, 2025. Currently, the Proposed Acquisition Group owns approximately 5.01% of FONAR's stock. A special committee of independent and disinterested board members has been formed to review this proposal.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fonar Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 258308) on July 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4082","symbol_name":"医疗保健设备","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250709:nNDL1m8vmn:1","article_id":"2550665507","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550665507","pubTimestamp":1752094981,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"FONAR Corporation, known as the inventor of MR Scanning, has announced that its board of directors received a preliminary, non-binding proposal from a Proposed Acquisition Group. 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