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March 7, 2011
NEW YORK, March 7, 2011 — Covington & Burling LLP represented BofA Merrill Lynch, financial adviser to TomoTherapy Incorporated, in its sale to Accuray Incorporated for $277 million.
Under terms of the agreement, TomoTherapy will be sold to Accuray for $4.80 per share in cash and Accuray stock.
TomoTherapy is a creator of advanced radiation therapy solutions for cancer care. Accuray is a global leader in the field of radiosurgery.
The New York-based Covington corporate team was led by partner Jack Bodner and Richard Kruger, an associate at the firm.