Theragenics Corporation (TGX)

[surf1944]

8:50AM Theragenics extends exclusivity period under letter agreement with Juniper Investment; Juniper affirms $2.25-$2.30 per share proposal (TGX) 2.03 : Co announced that, based on ongoing discussions, the co and Juniper Investment have agreed to extend the exclusivity period under the letter agreement dated May 12, 2013 in connection with Juniper's proposal to acquire all of the co's outstanding common stock. The exclusivity period will now expire at 5:00 p.m. ET on June 18, 2013 unless, prior to such time, Juniper has provided to the co drafts of equity and debt financing commitments in an amount sufficient to fund the proposed transaction, in which case the exclusivity period will be automatically extended until 5:00 p.m. ET on June 25, 2013.

Juniper has expressly reaffirmed its proposal to acquire all of the co's outstanding common stock for $2.25 to $2.30 per share in cash. In connection with the extension of exclusivity, Juniper's proposal anticipates that any definitive merger agreement between the co and Juniper would contain an appropriate "go shop" provision allowing the co, for a period of 35 days (increased from the 30-day period in Juniper's prior proposal) from the date of execution of a definitive merger agreement, to solicit interest from third parties in connection with an alternative business combination.