Brief: Tetra Bio-Pharma Enters Into Non-Binding Proposal To Acquire Panag Pharma

Tetra Bio Pharma

06/11/2018 11:43

Nov 6 (Reuters) - Tetra Bio Pharma Inc  TBP.V :
    * TETRA BIO-PHARMA ENTERS INTO NON-BINDING PROPOSAL TO
ACQUIRE
PANAG PHARMA INC.
    * TETRA BIO PHARMA INC - DEAL FOR $12,000,000
    * TETRA BIO PHARMA INC - PANAG WILL REMAIN A SEPARATE
SUBSIDIARY
OWNED 100% BY TETRA
    * TETRA BIO PHARMA INC - PURCHASE ON A DEBT-FREE BASIS
    * TETRA BIO PHARMA INC - PROPOSAL ALSO CONTEMPLATES PAYMENT
BY
TETRA TO VENDORS OF AN AGGREGATE AMOUNT OF UP TO $15 MILLION IN
MILESTONE PAYMENTS

Source text for Eikon:  ID:nGNX1DbRPJ 
Further company coverage:  TBP.V 

 ((Reuters.Briefs@thomsonreuters.com;))