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Article: Certified Diabetic Services, Inc. Terminates Asset Purchase Agreement.
- Article from:
- Business Wire
- Article date:
- February 5, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NAPLES, Fla. -- Certified Diabetic Services, Inc. (Pink Sheets:CDIP) is a national direct-to-consumer mail-order distributor of diabetic supplies and pharmaceutical services.
On February 3, 2009, the Company terminated the Asset Purchase Agreement and Plan of Reorganization dated July 25, 2008 between the Company, Andover Medical, Inc. and Medical Solutions Management Inc. ("MSMT") due to the parties' failure to consummate the agreement by December 31, 2008. The purchase agreement contemplated the acquisition of the operating subsidiaries of the Company and Andover Medical, Inc. by MSMT in exchange for capital stock of MSMT. Lowell M. Fisher, Chief Executive ...
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