Life Partners, Inc. Acquired by I.G.E., Inc.; Parent Changes Name to Life Partners Holdings, Inc.Business Editors WACO Waco (wā`kō), city (1990 pop. 103,590), seat of McLennan co., E central Tex., on the Brazos River, just below the mouth of the Bosque; inc. 1856. It is a trading, shipping, and industrial center. , Texas--(BUSINESS WIRE)--Jan. 27, 2000 I.G.E., Inc. (Nasdaq:IGEE IGEE Institut en Génie de l’Énergie Électrique IGEE Institute for Global Engineering Education IGEE Interactive Grid-Enabled Environment IGEE Institut Génie de l'Environnement Ecodéveloppement IGEE Interessengemeinschaft Eitensheimer Eltern eV ), a Massachusetts corporation, announced today a share exchange acquisition of Life Partners, Inc. (LPI), a privately held Texas corporation. Under the terms of the share exchange, IGE IgE abbr. immunoglobulin E Immunoglobulin E (IgE) A type of protein in blood plasma that acts as an antibody to activate allergic reactions. acquired 100% of the common stock of LPI while the shareholders of LPI were issued 95% of IGE's authorized shares. The transaction makes LPI 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 IGE. Shareholders of both companies approved the plan of exchange at special shareholder meetings held on Jan. 18, 2000 for LPI and Jan. 19, 2000 for IGE. In connection with the share exchange, IGE has changed its name to Life Partners Holdings, Inc. |
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