Reuters logo
5 months ago
BRIEF-Kitov announces settlement agreement with minority shareholder of recently acquired Tyrnovo
February 10, 2017 / 5:33 PM / 5 months ago

BRIEF-Kitov announces settlement agreement with minority shareholder of recently acquired Tyrnovo

1 Min Read

Feb 10 (Reuters) - Kitov Pharmaceuticals Holdings Ltd :

* Kitov announces settlement agreement with minority shareholder of recently acquired Tyrnovo

* As a result of settlement, we expect to be able to reduce financial resources required to be funded by Kitov in Tyrnovo

* As part of settlement Kitov agreed to invest in Tyrnovo up to an aggregate amount of US$ 1.0 million

* Settlement agreement between Kitov, Tyrnovo, minority shareholder of Tyrnovo was finalized and final ruling was issued by Israeli Court

* As part of settlement minority shareholder agreed to invest in Tyrnovo up to an aggregate amount of US$ 1.75 million

* Co,Tyrnovo, minority shareholder signed agreement dismissing all legal claims against co, Tyrnovo in connection with deal Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below