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Synovis Life Technologies, Inc.

Synovis Life Technologies adopts new shareholder rights plan

Published in Medicine and Law Weekly, June 30th, 2006

Synovis Life Technologies, Inc., (SYNO) has adopted a new shareholder rights agreement that will become effective upon the June 11, 2006, expiration of the existing rights agreement.

The purpose of the new agreement is to protect the company and its shareholders from unsolicited attempts or inequitable offers to acquire the company. The rights agreement has no immediate dilutive effect and does not diminish the ability of Synovis or its shareholders to accept a fair offer to acquire the company in a negotiated transaction.

To implement this shareholder rights agreement, the company has declared a distribution of one common share purchase right on...

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