Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

  • Advanced Photonix to Merge with Jenner Biotherapies
Sep 2001
CAMARILLO, Calif., Sept. 28 -- Advanced Photonix Inc. said that it had completed its negotiations with Jenner Biotherapies Inc. and entered into a letter of intent in which Jenner would merge with a newly formed subsidiary of API.

The terms of the transaction call for the stockholders of Jenner to receive 28,586,457 shares of API's common stock, plus (or minus) an additional number of shares of common stock. This is to be determined by dividing the amount by which Jenner's current assets exceed (or are less than) its total liabilities at the effective time of the merger, by the average closing price of the common stock over the 10 business days preceding the effective time of the merger (but in no event more than $1.50 or less than $.50 a share).

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.