Printer Friendly

BIODYNAMICS TO COMPLETE PURCHASE OF BUSINESS AT END OF YEAR

 BIODYNAMICS TO COMPLETE PURCHASE OF BUSINESS AT END OF YEAR
 TAMPA, Fla., Oct. 27 /PRNewswire/ -- Biodynamics International, Inc. (NASDAQ: BDYN) announced that it intends to close on its proposed purchase of Pfrimmer-Viggo's Wound Care Division prior to the end of the calendar year.
 As previously disclosed, the company signed a letter of intent on July 14, 1992 to acquire the Wound Care Division of Pfrimmer-Viggo GmbH & Co. KG. The purchase price is 25 million DM, subject to certain working capital adjustments.
 John V. Hargiss, president, noted, "We are concluding the due diligence procedures and continue to make good progress in arranging the financing for this acquisition. Both parties are involved in activities related to the transfer of real estate, various government and medical product licenses and in numerous other legal and regulatory matters related to closing. Pfrimmer-Viggo and Biodynamics are making significant progress in resolving these matters."
 Biodynamics International, Inc. provides specialty surgical products to the neurosurgical, orthopedic, cardiovascular, plastic and reconstructive specialties. The company is a Florida corporation with executive offices in Tampa, Fla.
 -0- 10/27/92
 /CONTACT: John V. Hargiss or Thomas A. Martin of Biodynamics International, 813-979-0016/
 (BDYN) CO: Biodynamics International, Inc.; Pfrimmer-Viggo GmbH & Co. KG ST: Florida IN: MTC SU: TNM


JB-AW -- FL003 -- 5292 10/27/92 10:26 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 27, 1992
Words:215
Previous Article:THE DELTA QUEEN STEAMBOAT CO. REPORTS 27 PERCENT INCREASE IN EARNINGS PER SHARE
Next Article:AMERICAN SUPERCONDUCTOR REPORTS SECOND QUARTER REVENUES
Topics:


Related Articles
AMERICAN BIODYNAMICS ANNOUNCES EXTENSION OF EXCLUSIVE MASTER DISTRIBUTION AGREEMENT
BIODYNAMICS, CORIN MEDICAL ANNOUNCE FORMATION OF JOINT VENTURE
BIODYNAMICS ANNOUNCES RELEASE DATE FOR PLATELETPLUS AUTOTRANSFUSION SYSTEM
BIODYNAMICS PREPARED TO CLOSE ON ACQUISITION
BIODYNAMICS COMPLETES GERMAN ACQUISITION
BIODYNAMICS THIRD QUARTER REVENUES UP 74 PERCENT
BIODYNAMICS COMPLETES $6.2 MILLION EQUITY FUNDING
BIODYNAMICS COMPLETES $6.2 MILLION EQUITY FUNDING
BIODYNAMICS REPORTS IMPROVED RESULTS FOR THIRD QUARTER
Biodynamics To Present At Rodman And Renshaw Musculoskeletal Healthcare Conference

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters