Thermage, Reliant merger could close by year end

By Lisa Kerner

Charlotte, N.C., Nov. 24 - Thermage, Inc. will ask its shareholders to approve the issuance of common stock in connection with Thermage's merger with Reliant, Inc. at a special meeting at noon ET on Dec. 23.

"We are very excited about this transaction and, pending shareholder approval, are on-track to close by year-end," Thermage chairman, president and chief executive officer Stephen J. Fanning said in a company news release.

In July, Thermage agreed to acquire privately held Reliant in a stock-and-cash transaction valued at approximately $95 million.

Hayward, Calif.-based Thermage provides a non-invasive procedure to tighten and contour skin.

Reliant develops clinical solutions to repair and restore aging and damaged skin. The company is based in Mountain View, Calif.

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