Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!
CONSHOHOCKEN, Pa., Aug. 1, 2013 (GLOBE NEWSWIRE) -- CardioNet, Inc. and BioTelemetry, Inc. (Nasdaq:BEAT) announced today that their holding company reorganization, which was approved by shareholders on July 25, 2013, was effective as of 5:00pm, Wednesday July 31, 2013. As a result, BioTelemetry, the new public company, will begin to trade on the NASDAQ Stock Market under the ticker “BEAT” upon the opening of the market on August 1, 2013. At the effective time of the reorganization, each outstanding share of CardioNet common stock was automatically converted into one share of BioTelemetry common stock. From a shareholder perspective, the delisting of CardioNet and simultaneous listing of BioTelemetry will be seamless and effectively amount to a name change.
Help employers find you! Check out all the jobs and post your resume.
