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Article: Golf Trust and Pernix Announce Merger.
- Article from:
- Pediatrics Week
- Article date:
- October 24, 2009
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Golf Trust of America, Inc. ("GTA") (NYSE Amex: GTA) announced an Agreement and Plan of Merger with Pernix Therapeutics, Inc., to create a publicly-traded specialty pharmaceutical company that the parties believe will be well-positioned for continued profitable growth as Pernix expands its geographic operations and product portfolio of commercially-established pediatric and other branded products. The transaction has been unanimously approved by the board of directors of both GTA and Pernix.
Under the terms of the agreement, Pernix's stockholders will receive 41.8 million shares of GTA common stock, representing approximately 84% of the combined company on a ...