TomoTherapy Shareholders Approve Merger
June 09 2011 - 12:00PM
Marketwired
TomoTherapy Incorporated (NASDAQ: TOMO), maker of advanced
radiation therapy solutions for the treatment of cancer and other
diseases, today announced that TomoTherapy shareholders have
approved the Agreement and Plan of Merger, dated as of March 6,
2011, which provides for the acquisition by Accuray Incorporated
(NASDAQ: ARAY) of all of the outstanding shares of TomoTherapy.
More than 98 percent of votes cast and 79 percent of shares
outstanding were voted in favor of the transaction. The companies
anticipate the closing of the transaction will occur within one or
two business days, assuming all other customary closing conditions
are met.
For more information regarding this transaction, please visit:
www.accuraytomotherapy.com.
About TomoTherapy Incorporated TomoTherapy
Incorporated develops, markets and sells advanced radiation therapy
solutions that can be used to treat a wide variety of cancers, from
the most common to the most complex. The ring gantry-based
TomoTherapy® platform combines integrated CT imaging with conformal
radiation therapy to deliver sophisticated radiation treatments
with speed and precision while reducing radiation exposure to
surrounding healthy tissue. TomoTherapy's suite of solutions
includes its Hi-Art® treatment system, which has been used to
deliver more than three million CT-guided, helical
intensity-modulated radiation therapy (IMRT) treatment fractions;
the TomoHD™ treatment system, designed to enable cancer centers to
treat a broader patient population with a single device; and the
TomoMobile™ relocatable radiation therapy solution, designed to
improve access and availability of state-of-the-art cancer care.
TomoTherapy's stock is traded on the NASDAQ Global Select Market
under the symbol "TOMO." To learn more about TomoTherapy, please
visit TomoTherapy.com.
Forward-Looking Statements This news
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements involve risks and uncertainties associated with the
transaction between Accuray and TomoTherapy. Descriptions of these
risks and uncertainties are contained in Accuray's and
TomoTherapy's filings with the U.S. Securities and Exchange
Commission and are hereby incorporated herein by reference.
TomoTherapy assumes no obligation to update or revise the
forward-looking statements in this release because of new
information, future events or otherwise.
Contact: TomoTherapy Incorporated Thomas E. Powell CFO
608-824-2800
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