Poland's Medicalgorithmics Signs LOI For Potential $67 Mln Takeover By US Nasdaq-Listed Firm

By Reuters News

Oct 19 (Reuters) - Medicalgorithmics SA MDG.WA:

  • SIGNS LETTER OF INTENT FOR POTENTIAL TAKEOVER OF 100% OF ITS SHARES BY US HEALTHCARE COMPANY LISTED ON NASDAQ

  • TOTAL CONSIDERATION FOR SHARES IN TRANSACTION VALUED AT NOT LESS THAN $67 MLN, TO BE SETTLED PRIMARILY IN INVESTOR'S COMMON SHARES

  • LETTER OF INTENT SEES CO OBTAINING NON-DEBT EQUITY FINANCING OF NOT LESS THAN EUR 10 MLN BEFORE OR AT SIGNING OF FINAL AGREEMENT

Further company coverage: MDG.WA

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