News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

OnSource Corporation (OSCE.OB) Announces Extension of Merger Agreement With Osmotics Pharma, Inc. (OPI); Osmotics Pharma's Shareholder Meeting Scheduled For May 10, 2005



10/19/2005 5:10:41 PM

BOULDER, Colo.--(BUSINESS WIRE)--May 2, 2005-- OnSource Successfully Completes $2.2 Million Private Placement OnSource Corporation ("OnSource") (OTCBB:OSCE) today announced that it has entered into an Amendment to the definitive agreement to merge (the "Merger Agreement") with Osmotics Pharma, Inc. ("OPI"), extending the closing date of the proposed Merger to May 10, 2005. The extension was required to permit the finalization of the disclosure documents needed to complete the transaction. OPI has now scheduled its special meeting of shareholders to vote on the Merger for May 10, 2005. OPI's parent corporation, Osmotics Corporation, owns approximately 98% of the outstanding voting securities of OPI and has indicated its intention to vote in favor of the Merger. As a result, OPI shareholder approval of the Merger is assured.

Read at BioSpace.com

Related News

comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES