July 4, 2017 / 4:04 PM / 18 days ago

BRIEF-Immunoprecise to buy U-Protein and announces $4 mln financing

1 Min Read

July 4 (Reuters) - Immunoprecise Antibodies Ltd:

* Immunoprecise to acquire U-Protein and announces $4 mln financing

* Will acquire all of issued and outstanding shares of U-Protein for EUR 6.8 million

* LOI also requires that three of principal shareholders of U-Protein will enter into a two-year management contract

* Company has also agreed to appoint one of principal shareholders of U-Protein to its board of directors

* Deal to be materially accretive to company's revenue​ Source text for Eikon: Further company coverage:

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