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BUSINESS
August 29, 1996
Alliance Imaging Inc. and U.S. Diagnostics Labs Inc., a Florida operator of diagnostic services, have called off merger discussions, Alliance said Wednesday. U.S. Diagnostic balked at terms of a proposed stock swap, and could not reach agreement with some of Alliance's lenders, Alliance said. Responding to rumors in the marketplace, the two companies had disclosed the merger discussions 12 days ago. U.S. Diagnostic, based in West Palm Beach, Fla.
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BUSINESS
August 29, 1996
Alliance Imaging Inc. and U.S. Diagnostics Labs Inc., a Florida operator of diagnostic services, have called off merger discussions, Alliance said Wednesday. U.S. Diagnostic balked at terms of a proposed stock swap, and could not reach agreement with some of Alliance's lenders, Alliance said. Responding to rumors in the marketplace, the two companies had disclosed the merger discussions 12 days ago. U.S. Diagnostic, based in West Palm Beach, Fla.
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