Epitope deal

EPT's Agrimax Floral Products Inc. subsidiary formed Fresche Blossoms L.L.C. to conduct Agrimax's Charlotte, N.C., flower business. The unit will be operated by Universal American Flowers Inc. (Tampa, Fla.). The companies have until Aug. 31 to decide whether to proceed with a merger of Fresche Blossoms into UAF.

If the merger is consummated, Agrimax will receive an estimated 18 percent equity interest. Agrimax, which has developed a preservative techology for fresh flowers, has committed to lend the joint venture up to $400,000 for working capital. ...