Brief: Linical unit to buy Accelovance for 3.47 bln yen

Linical

27/03/2018 09:45

March 27(Reuters) - Linical Co Ltd  2183.T 
    
    * Says its wholly owned subsidiary LINICAL USA INC and
LINICAL
USA's wholly owned subsidiary Magnolia Acquisition Corp signed a
contract, regarding merger between Magnolia Acquisition Corp and
U.S.-based firm Accelovance,Inc
    * Says Magnolia Acquisition Corp will be dissolved after the
merger 
    * Says LINICAL USA INC will acquire 100 percent stake in
Accelovance,Inc after the merger, for 3.47 billion yen in total
    * Transaction date in April 

    
    
    Source text in Japanese:https://goo.gl/xWLQpM
    Further company coverage: 2183.T 

 (Beijing Headline News)
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 10 62674724;
Reuters Messaging: huafang.zhang.reuters.com@reuters.net))