Brief: INVL Technology announces terms of merger with Baip Grupe

INVL Technology SUTPKIB

24/12/2014 11:55

Dec 24 (Reuters) - INVL Technology AB  INC1L.VL : 
    * Announces terms of merger of Baip Grupe AB and INVL 
Technology  
    * After reorganization INVL Technology will cease to operate 
without liquidation process 
    * After reorganization Baip Grupe will take over all rights 
and duties including name of INVL Technology  
    * Shareholders of INVL Technology will receive 6.7856 shares 
in Baip Group for each owned share in present INVL Technology  
    * Shareholders of INVL Technology will own 65.78 pct and 
minor shareholders of Baip Group will own 34.22 pct in shares of 
joint company operating after merger 
    * Capitalisation of company operating after merger will 
reach 8.6 million euros ($10.5 million) 
 
Source text: http://bit.ly/1sXAzeH 
Further company coverage:  INC1L.VL  
 
 
($1 = 0.8197 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)) 
 
Keywords: INVL TECHNOLOGY/BRIEF