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Zila (ZILA) Begins Proxy Vote on Merger With TOLMAR Inc.


8/19/2009 1:36:41 PM

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Zila, Inc. (Nasdaq: ZILA) today announced that Proxy Statements and Proxies have been mailed to its stockholders in order to allow them to vote on the proposed merger with a subsidiary of TOLMAR Holding, Inc. Under the terms of the merger agreement, if approved by the stockholders, each Zila stockholder would be entitled to receive $0.45 per share in cash. Tolmar is a privately held, pharmaceutical research, development, manufacturing and commercial operations company.

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