Brief: Pixium Vision Says Termination Of Business Combination With Second Sight Medical Products
03/04/2021 24:46
April 2 (Reuters) - Pixium Vision SA ALPIX.PA :
* REG-TERMINATION OF THE BUSINESS COMBINATION WITH SECOND
SIGHT
MEDICAL PRODUCTS, INC.
* PIXIUM - OFFERED SECOND SIGHT TO RENEGOTIATE MOU IN ORDER
TO
ALLOW PURSUIT OF BUSINESS COMBINATION WHILE PRESERVING
CONTRACTUAL BALANCE
* PIXIUM VISION - REGRETS THAT SECOND SIGHT NEVER RESPONDED
TO
PROPOSALS IT MADE IN GOOD FAITH NOR DEMONSTRATED ANY WILLINGNESS
TO REACH SUCH AGREEMENT
* PIXIUM-SECOND SIGHT NOTIFIED PIXIUM ON FRIDAY DECISION TO
UNILATERALLY TERMINATE MOU NOTWITHSTANDING MOU DOES NOT PROVIDE
SECOND SIGHT WITH THIS RIGHT
* PIXIUM VISION SA - ACKNOWLEDGES UNILATERAL AND WRONGFUL
TERMINATION BY SECOND SIGHT OF MOU AND CONTEMPLATED BUSINESS
COMBINATION
* PIXIUM VISION SA - SUCH TERMINATION DOES NOT COMPROMISE
COMPANY'S OBJECTIVES IN CONTEXT OF NEW COMPELLING RESULTS WITH
PRIMA SYSTEM
* PIXIUM - CO WILL CONSIDER ALL MEASURES AVAILABLE TO
PRESERVE ITS
RIGHTS AND OBTAIN COMPENSATION FOR ITS ENTIRE DAMAGES
Source text for Eikon: ID:nGNE8c8qRJ
Further company coverage: ALPIX.PA
((Reuters.Briefs@thomsonreuters.com;))
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