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Article: Dialysis Corporation of America Announces Letter of Intent for Proposed Merger and Acquisition.
- Article from:
- Business Wire
- Article date:
- June 7, 1999
CopyrightCOPYRIGHT 1999 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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LEMOYNE, Pa.--(BUSINESS WIRE)--June 7, 1999--
Dialysis Corporation of America (DCA) (Nasdaq:DCAI) announced it has entered into a letter of intent with its parent, Medicore, Inc. and MainStreet IPO, LLC.
The letter of intent provides for two simultaneous transactions. One, the merger of MainStreet into DCA, the surviving company, with its name change to MainStreet, and with the MainStreet shareholders to own approximately 80% of the company. As part of the consideration for the proposed merger, DCA is to issue additional shares to the founders of MainStreet for continued operation of MainStreet's affiliate, The CEO Letter, LLC (The CEO Letter.com).
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