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Nanomedicine
HemCon Medical Technologies Inc. to Acquire Alltracel Pharmaceuticals Plc
March 8th, 2008
HemCon Medical Technologies Inc. announced its intention to acquire Dublin, Ireland-based Alltracel Pharmaceuticals Plc in a cash-for-stock agreement. The acquisition, which is subject to the approval of Alltracel's shareholders (and a number of other conditions including approval of the Irish High Court), is being implemented by means of a Scheme of Arrangement under applicable Irish legislation. The purchase is occurring through Castlerise Investments Limited., a newly formed, wholly owned subsidiary of HemCon Medical Technologies Inc. Post completion, Alltracel will operate as a wholly owned subsidiary of HemCon and maintain its headquarters in Dublin. The deal is anticipated to close...
Source: Law & Health Weekly (2008-03-08)
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