Monday, March 7, 2011

Accuray to buy TomoTherapy for $277M

Accuray Inc. has agreed to buy TomoTherapy Inc. in a cash and stock deal worth approximately $277 million, the company said Monday.
Sunnyvale-based Accuray (NASDAQ: ARAY) will pay $4.80 per share in cash and stock for TomoTherapy (NASDAQ: TOMO), which markets cancer-radiation therapy systems.

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