SUNNYVALE, Calif., June 9, 2011 /PRNewswire/ -- Accuray Incorporated (Nasdaq: ARAY), a global leader in the field of radiosurgery, announced today that TomoTherapy shareholders have approved the proposed acquisition of TomoTherapy Incorporated (Nasdaq: TOMO) by Accuray.
More than 98 percent of votes cast and 79 percent of shares outstanding were voted in favor of the transaction. The companies anticipate the closing of the transaction will occur within one to two business days, assuming all other customary closing conditions are met.
The combination of Accuray and TomoTherapy will bring together best-in-class technologies to create the premier radiation oncology company. The combined company will focus on developing, manufacturing and selling innovative, personalized treatment solutions that revolve around the patient.
"We appreciate the overwhelming support of TomoTherapy shareholders and are excited about the next chapter for the combined company," said Euan S. Thomson, Ph.D., president and chief executive officer of Accuray. "We share a commitment to helping cancer patients live longer, better lives and are eager to combine our talent and resources as we work together to achieve our goal."
For more information regarding this transaction, please visit: www.accuraytomotherapy.com.
Accuray Incorporated (Nasdaq: ARAY), based in Sunnyvale, Calif., is a global leader in the field of radiosurgery dedicated to providing an improved quality of life and a non-surgical treatment option for those diagnosed with cancer. Accuray develops and markets the CyberKnife Robotic Radiosurgery System, which extends th