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Zila (ZILA) Board Finds the Intelident Solutions Proposal Not Superior to TOLMAR Inc. Offer



7/13/2009 10:26:30 AM

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Zila, Inc. (Nasdaq:ZILA) today announced that its Board of Directors has carefully reviewed a non-binding contingent proposal submitted by Intelident Solutions Inc. (Intelident) to Zila on July 7, 2009 to acquire all of Zila’s common stock for $0.42 per share. The Board concluded that the Intelident proposal is not superior to Zila’s existing agreement to be acquired by Tolmar Holding, Inc. (Tolmar).

Read at BioSpace.com


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