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FLIR Moves Forward with ICx Technologies Acquisition

FLIR Systems is set to commence a cash tender offer to buy all outstanding shares of common stock of ICx Technologies, Inc.

The two firms agreed on a purchase price last month of $274 million.

FLIR reports that “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.”

The tender offer expires Oct. 1, 2010, but could be extended.

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