AMBI, American Home Products deal

AHP's Whitehall-Robins Healthcare division (Madison, N.J.) received an exclusive license to sell AMBI's Cardia salt alternative, and a first negotiation option for exclusive rights to additional AMBI nutrition products, in retail markets in the U.S. AHP will make an up-front payment of $1 million and will purchase $4 million in AMBI common shares. AMBI retains exclusive marketing rights to its products in direct mail and phone marketing and ingredients sales to nutrition products vendors. ...