Attached files
| file | filename |
|---|---|
| 8-K - OTIX GLOBAL, INC. | v199073_8k.htm |
| EX-2.1 - OTIX GLOBAL, INC. | v199073_ex2-1.htm |
Exhibit
99.1
|
Company Announcement No
2010-16
|
14 October
2010
|
William
Demant Holding updates merger agreement with Otix Global
Today,
William Demant Holding has signed an addendum to the existing merger agreement
with the US hearing aid company Otix Global, Inc. according to which Otix's
stockholders will receive a total settlement of USD 64.2 million, corresponding
to approx. DKK 343 million or a price of USD 11.01 per stock. The updated offer
is thus an increase of the prices stated in the original merger agreement
entered into on 13 September 2010 and the amendment dated 6 October 2010,
respectively.
We still
expect to be able to close the transaction as previously communicated in Company
Announcement no 2010-13 published on 13 September
2010.
♦♦♦u♦♦♦
Further
information:
Niels
Jacobsen, President & CEO, phone +45 39 13 82 73
VP,
Finance & IR Stefan Ingildsen, mobile +45 29 22 02 70
IR
Manager Søren
B. Andersson, mobile +45 51 17 66 57
www.demant.com
