Brief: Lombard Medical acquires endovascular stent graft developer Altura Medical

Lombard Medical

30/07/2015 21:01

July 30 (Reuters) - Lombard Medical Inc  EVAR.O : 
 * Acquires endovascular stent graft developer altura medical 
 * Says terms of the transaction include the issuance of $15 million of Lombard 
   common stock at $4 per share 
 * Says up to $27.5 million may be paid based on the achievement of certain 
   commercial and regulatory milestones 
 * Terms include assumption of $5.5 million in bank debt and $2.5 million in 
   certain liabilities and transaction-related costs 
 * Says under the terms of the agreement, Lombard has the option to pay the 
   additional consideration in either cash or stock 
 
 * Source text for Eikon  ID:nGNXVECUYa  
 
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