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BRIEF-EnteroMedics announces acquisition of Reshape Medical
October 3, 2017 / 12:39 PM / 2 months ago

BRIEF-EnteroMedics announces acquisition of Reshape Medical

Oct 3 (Reuters) - EnteroMedics Inc

* EnteroMedics announces acquisition of Reshape Medical

* EnteroMedics Inc - ‍consideration paid for Reshape Medical consists of 2.4 million shares of common stock, 187,772 shares of series C convertible preferred stock​

* EnteroMedics Inc - Dan Gladney will continue as president, ceo and chairman of board of EnteroMedics

* EnteroMedics Inc - consideration paid for reshape also includes approximately $5.0 million in cash​

* EnteroMedics Inc - ‍Michael Y. Mashaal has joined board effective of closing of acquisition and 1 Reshape Medical designee will be added at later date​ Source text for Eikon: Further company coverage:

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