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OLBA HEALTHCARE to make DVx wholly-owned subsidiary through share exchange, to complement medical equipment distribution networks
OLBA HEALTHCARE HOLDINGS, Inc. <2689> and DVx Inc. <3079> announced after the market close on May 22 that they will integrate their operations through a share exchange. OLBA HEALTHCARE will become the sole parent company and DVx a wholly owned subsidiary. The transaction is scheduled to take effect on Sept. 1, with OLBA HEALTHCARE allotting 0.5 shares for each DVx share. DVx will be delisted on Aug. 28. Amid intensifying competition in the medical equipment wholesale industry, the integration aims to combine both companies' distribution networks and product lines to build a robust sales network.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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