Brief: Primo Medical Group Announces Sale Of Its Spin-Off Co Arthrosurface, To Anika Therapeutics
13/01/2020 23:31
Jan 13 (Reuters) - Primo Medical Group :
* ANNOUNCING SALE OF ITS SPIN-OFF CO ARTHROSURFACE, TO ANIKA
THERAPEUTICS
* ANIKA WILL ACQUIRE ALL OUTSTANDING SHARES OF ARTHROSURFACE
IN
EXCHANGE FOR TOTAL CONSIDERATION OF $100 MILLION
* DEAL PRICE CONSISTS OF AN UPFRONT PAYMENT OF APPROXIMATELY
$60
MILLION IN CASH
Source text for Eikon: urn:newsml:reuters.com:*:nPn2BS4Cwa
Further company coverage: ANIK.O
((Reuters.Briefs@thomsonreuters.com;))