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ERBA Diagnostics bags last tranche of capital from 2011 stock purchase deal

Dec. 29, 2015 8:47 AM ETERBA Diagnostics, Inc. (ERB) StockBy: Douglas W. House, SA News Editor1 Comment
  • ERBA Diagnostics (NYSEMKT:ERB) receives $3.5M in new capital from ERBA Diagnostics Mannheim GmbH, representing the final tranche in their Stock Purchase Agreement inked in 2011. The company issued 4,666,666 shares in exchange for the $3.5M ($0.75 per share).
  • Proceeds will fund enhancements to manufacturing and sales and marketing initiatives.
  • Mannheim now owns 40.6M shares of ERBA Diagnostics representing a 83.3% stake.

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