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Biotech / Medical : Biotech Valuation
CRSP 53.47+0.3%Nov 28 9:30 AM EST

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To: keokalani'nui who wrote (3677)5/4/2001 11:32:45 AM
From: Jibacoa  Read Replies (1) of 52153
 
BTRN plans for acquiring Eligix were approved. Other recent news also seem to be helping the stock, which keeps performing well.<g>

"CHARLESTOWN, Mass., May 2 /PRNewswire/ -- BioTransplant Incorporated (Nasdaq: BTRN - news) announced today that its shareholders voted to approve the acquisition of Eligix, Inc., a privately held biomedical device company located in Medford, MA, in a stock-for-stock merger. Subject to the satisfaction of closing conditions, the merger is expected to be completed in the next few business days. Under the terms of the merger agreement, BioTransplant will issue 6.6 million shares of its common stock to the holders of shares of capital stock of Eligix."

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Bernard
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