Attached files
| file | filename |
|---|---|
| 8-K - OTIX GLOBAL, INC. | v204189_8k.htm |
Exhibit
99.1
November
30, 2010
Company
Press Release
|
Source:
|
Otix
Global, Inc.
|
|
|
Contact:
|
Sam
Westover
|
Michael
Halloran
|
|
Chairman
and CEO
|
Vice
President and CFO
|
|
|
(801)
312-1700
|
(801)
312-1717
|
OTIX
GLOBAL MERGES WITH WILLIAM DEMANT HOLDING A/S
Salt Lake
City,
Utah, November 30,
2010 -- Otix Global, Inc.
(Otix) announced that it has completed its merger with William Demant Holding
A/S (WDH). The merger closed today after Otix shareholders overwhelmingly approved the acquisition of the company
at a special meeting on November 22, 2010, received U.S. regulatory approval on November 26,
2010, and filed a
Certificate of Merger with the State of Delaware on November 30, 2010. Otix will no longer be traded on the
Nasdaq Global Market as of
the close of trading on November 30, 2010. In the merger, WDH acquired all the
outstanding common stock of Otix at a price of $11.01 per
share.
ABOUT
OTIX GLOBAL:
Otix
Global designs, develops, manufactures and markets advanced digital hearing aids
designed to provide the highest levels of satisfaction for hearing impaired
consumers.