March 16, 2020 / 11:23 AM / 23 days ago

BRIEF-Advanz Pharma To Acquire Correvio

March 16 (Reuters) - Correvio Pharma Corp:

* ADVANZ PHARMA TO ACQUIRE CORREVIO

* CORREVIO PHARMA - ACQUISITION EXPECTED TO HAVE A TOTAL PURCHASE PRICE OF APPROXIMATELY US$76 MILLION INCLUDING REPAYMENT OF CERTAIN CORREVIO INDEBTEDNESS

* CORREVIO PHARMA CORP - ADVANZ PHARMA INTENDS TO PAY FOR ACQUISITION WITH CASH ON HAND

* CORREVIO PHARMA CORP - AS OF SEPTEMBER 30, 2019, ADVANZ PHARMA’S CASH POSITION WAS APPROXIMATELY US$243 MILLION.

* CORREVIO PHARMA - ADVANZ PHARMA WILL BE PAYING US$0.42 PER ISSUED AND OUTSTANDING SHARE VALUING CO’S EQUITY AT ABOUT US$28 MILLION ON A FULLY DILUTED BASIS Source text for Eikon: Further company coverage:

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