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 Hub
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