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12:00 AM
Sep 24, 2012
 |  BC Week In Review  |  Company News  |  Deals

Biota, Nabi deal

The companies amended an April agreement to merge in a stock deal to address Biota's share price decline since the deal was first announced. Nabi will now contribute $27 million in cash to the combined company rather than the original $54 million, with the remaining cash distributed to Nabi shareholders via a dividend or other return of capital. Nabi expects this will amount to about $28-$31 million. Biota closed at A$0.71 on Sept....

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