Printer Friendly

-Selway Capital Acquisition, Healthcare Corp merger closes.

BANKING AND CREDIT NEWS-April 11, 2013--Selway Capital Acquisition, Healthcare Corp merger closes(C)2013 M2 COMMUNICATIONS http://www.m2.com

11 April 2013 -- New York-based Selway Capital acquisition Corp said it has completed its business combination with US pharmacy benefits manger Healthcare Corp. of America (OTCBB: SWCAL).

As a result, the combined company's Series C common shares will begin trading on the OTCBB under the symbol SWCAL on Thursday, April 11.

In addition, the combined company's units will be mandatorily separated into its component series A common stock and warrants, and the combined company's series A common stock (including the series A common stock underlying the units) will cease to trade.

The stock will be automatically converted to series B common stock, which will commence trading under a to be announced symbol on Thursday, April 11, 2013.

HCCA was formed in 2008 in Denville, New Jersey as a full-service transparent pricing pharmacy benefit management company. PBMs administer prescription drug programmes for employers.

Aegis Capital acted as lead book-running manager and Chardan Capital Markets acted as co-book-running manager in Selway's initial public offering.

1 USD = 0.652618 GBP

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDApril 11, 2013>JNBANKING AND CREDIT NEWS.PRICEDATENOT APPLICABLE.DAY

COPYRIGHT 2013 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Apr 11, 2013
Words:210
Previous Article:-Data costs up for investment managers.
Next Article:-FIS prices USD 1.25bn of notes.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters