Certis USA, LLC, Columbia, Md., a wholly owned subsidiary of Mitsui & Co., Ltd. and a leading producer of biological pesticides, plans to acquire certain assets of the Bt biopesticide and insecticidal nematode businesses owned by Ecogen, Inc., Langhorne, Pa.Certis USA, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Columbia, Md., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Mitsui & Co., Ltd. and a leading producer of biological pesticides, plans to acquire certain assets of the Bt biopesticide and insecticidal nematode nematode or roundworm Any of more than 15,000 named and many more unnamed species of worms in the class Nematoda (phylum Aschelminthes). Nematodes include plant and animal parasites and free-living forms found in soil, freshwater, saltwater, and even vinegar businesses owned by Ecogen, Inc., Langhorne, Pa. Assets purchased by Certis would include Ecogen's products CryMax [R], Lepinox [R], Condor [R], Cruiser [R] and Raven [R] biological insecticides, as well as Bt strain libraries for biopesticides, product registrations, trademarks, patents or licenses and certain fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → . The acquisition is expected to conclude during the first quarter of 2002 after obtaining necessary approvals of both companies. |
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