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Subsequent Events
9 Months Ended
Sep. 30, 2018
Subsequent Events  
Subsequent Events

15.Subsequent Events

 

On August 13, 2018, Parent entered into an Agreement and Plan of Merger (the “Merger Agreement) to effect a business combination, by and among Parent, Federal Street Acquisition Corporation (“FSAC”) and Agiliti, Inc. (“Agiliti”). Following a series of mergers and a contribution of Parent capital stock to FSAC, FSAC will become a wholly-owned subsidiary of Agiliti, and Parent will become a wholly-owned subsidiary of FSAC. Agiliti will become a publicly traded company.

 

The transaction is subject to customary and other closing conditions, including regulatory approvals and FSAC stockholder approval. On October 30, 2018, FSAC convened and then adjourned, without conducting any business. The special meeting of FSAC stockholders previously scheduled to approve the business combination was rescheduled to Wednesday, November 14, 2018.