Flir to purchase shares in ICx common stock

Flir Systems, a provider of thermal imaging cameras, is to commence a cash tender offer through its wholly owned subsidiary, Indicator Merger Sub, to purchase all outstanding shares of common stock of sensor systems company ICx Technologies.

On 16 August 2010, the companies announced a definitive agreement whereby Flir agreed to acquire ICx in a cash tender offer and subsequent merger for an aggregate cash purchase price of approximately $274m (£178m).

Upon the successful closing of the tender offer, shareholders of ICx will receive $7.55 in cash for each share of ICx common stock tendered in the offer, without interest and less any required withholding taxes.