Paloma, RestorGenex, VasculoMedics deal

Stratus Media Group Inc. merged with Paloma and VasculoMedics and subsequently changed its name to RestorGenex. The new company will focus on dermatology, ocular diseases and women's health. The merger was approved by the boards of each of the companies and is expected to close upon meeting undisclosed closing conditions. RestorGenex completed a 1-for-100 reverse stock split and said Paloma shareholders would receive 2.5 million post-split shares, valued at $11.5 million based on RestorGenex's close of $4.60 on March 10, the day after it completed the split. RestorGenex said VasculoMedics shareholders would receive 220,000 post-split shares, valued at $1 million. ...