Amplitude Surgical Shareholders Strike Deal For Sale of 75.4% Interest to Zydus Lifesciences
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Holders of 75.4% of Amplitude Surgical's shares have agreed to sell their majority stake to Zydus Lifesciences for 6.25 euros per share. Including previous agreements, Zydus will acquire 85.6% of the French orthopedic company. The deal is expected to close in Q3, pending conditions. With additional minority shareholders also agreeing to sell, Zydus anticipates acquiring over 90% and initiating a squeeze-out for remaining shares.
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