Attached files
| file | filename |
|---|---|
| 8-K - OTIX GLOBAL, INC. | v198900_8k.htm |
Exhibit
99.1
October
12, 2010
ANNOUNCEMENT
NO: 32
GN
ReSound has Updated the Proposal to Acquire Otix Global, Inc.
GN
ReSound A/S has today submitted an updated proposal to the board of directors of
Otix Global, Inc., an American hearing aid company listed on NASDAQ, to acquire
the company for a total amount of USD 64.2 million (equal to around DKK 345
million) corresponding to USD 11 per share.
The
acquisition of Otix Global, Inc. represents an interesting opportunity for GN
ReSound and will secure a strong position for GN ReSound in the Australian
hearing aid market and complement GN ReSound’s strong presence in the
US.
Please
see company announcement no. 31 from September 20, 2010 for further
details.
For
further information, please contact:
Mikkel
Danvold
Director,
IR & Communications
GN Store
Nord A/S
Tel: +45
45 75 02 71
