Endocare and Galil Medical Sign Definitive Merger Agreement
11.11.08 - 08:30 ... source : Endocare
... Combined Company to Expand Cryoablation Clinical Programs and Broaden Global Business Presence; Also Signs Agreement for $16.25 Million Financing with Current Institutional Investors IRVINE, Calif. and YOKNEAM, Israel, Nov 10, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Endocare, Inc. (Nasdaq: ENDO) and privately held Galil Medical, Ltd., both innovative medical device companies, today announced the signing of a definitive merger agreement. The combined company will be focused on the promotion and development of cryoablation, a minimally invasive method to freeze and destroy cancerous tumors. The transaction, which is expected to close in the first quarter of 2009, will combine the complementary clinical, technological and marketing strengths of the two companies. The terms of the agreement call for a stock-for-stock merger transaction resulting in Galil Medical becoming a wholly-owned subsidiary of Endoc ...» Next (HTML)
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