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)

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