Thermage moves forward with Reliant merger

By Lisa Kerner

Charlotte, N.C., Sept. 15 - The previously announced unsolicited, non-binding proposal from an unnamed party to acquire Thermage, Inc. for $5.50 per share has been retracted.

Thermage, which had rejected the offer, expects to close its pending merger with Reliant Technologies, Inc. in the fourth quarter, a company news release said.

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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