GE Medical Systems Completes Merger with Marquette

GE Medical Systems and Marquette Medical Systems completed their merger. Marquette shareholders approved the transaction at a special meeting in Milwaukee. The companies completed the merger shortly after the vote. As a result, Marquette shareholders will receive 0.508 shares of GE stock for each share of Marquette common stock held at the close of the merger.

Marquette Medical Systems will continue as a wholly-owned subsidiary of GE and will do business as GE Marquette Medical Systems. The scope of the transaction includes more than 3,100 employees worldwide, and facilities in Milwaukee; Wallingford, CT; Torrance, CA; Annapolis, MD; Jupiter, FL.; and Freiburg, Germany.

Dr. Frederick Robertson, Marquette's president and CEO, will continue to lead the new GE Marquette operation. Marquette founder and chairman Michael Cudahy will serve as an advisor to GE Medical Systems.