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LinkMed Acquires an Additional 51 Percent of AbSorber AB and Carries Out Secured Rights Issue of Convertibles



11/11/2009 8:51:40 AM

STOCKHOLM--(BUSINESS WIRE)--Regulatory News: LinkMed (STO:LMED): LinkMed’s Board of Directors has resolved to acquire an additional 50.8 percent of AbSorber. A total of 9.9 percent of the shares in AbSorber will be acquired through an issue in kind and the remaining 40.9 percent of the shares will be acquired through a cash payment of SEK 58 million. Following the acquisition LinkMed will own 93.8 percent of AbSorber, which thereafter will be included in the LinkMed group as a subsidiary.

Read at BioSpace.com


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