Seeking Alpha

Merge Healthcare chairman resigns, shares rise

  • Shares of Merge Healthcare (MRGE) rise 5.4% premarket.
  • Chairman Michael Ferro, Jr. has resigned.
  • MRGE says Dennis Brown is the new chairman, effective immediately.
  • Ferro believes the company's "market position and long-term prospects" are not reflected in the current stock price despite MRGE's "very disappointing" Q2 results.
  • Ferro also says that while he has no immediate plans, he intends to pursue "ways to increase shareholder value, including, possibly, a going-private transaction." (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs