Microba Says Sonic Acquires 19.9% Stake In Co And Enters Partnership

Image Source: ©2022 Kalkine Media®

Nov 29 (Reuters) - Microba Pty Ltd:

* SONIC ACQUIRES 19.9% MICROBA STAKE AND ENTERS PARTNERSHIP

* SONIC HEALTHCARE HAS AGREED TO INVEST A$17.8 MILLION TO ACQUIRE 19.99% SHAREHOLDING IN MICROBA

* SONIC IS SEEKING TO ACQUIRE OPTIONS FOR A FURTHER 5% STAKE IN CO

* EXERCISE OF OPTIONS BY SONIC WOULD RESULT IN FURTHER INVESTMENT OF A$7.5 MILLION IN MICROBA

* PARTIES AGREED INITIAL TERMS FOR STRATEGIC PARTNERSHIP TO DELIVER CO'S MICROBIOME TESTING TECHNOLOGY INTO AUSTRALIA, GERMANY, ETC Source text for Eikon: Further company coverage:



 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and