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Article: Sulzer Medica to Strengthen Ties With Tutogen Medical, Inc.
- Article from:
- PR Newswire
- Article date:
- November 18, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. 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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HOUSTON, Nov. 17 /PRNewswire/ --
Sulzer Medica (NYSE: SM; Swiss Stock Exchange: SMEN) and Capital Partners II, Ltd. Liquidating Trust today announced an agreement whereby Sulzer Medica will offer to purchase up to 50% of the interests of beneficiaries in Capital Partners II for approximately USD 30 million. Capital Partners owns over 50% of Tutogen Medical, Inc. (TTG) with which Sulzer Medica holds strategic agreements on the distribution and marketing of bone tissue for spinal and dental applications.
Sulzer Medica offers to purchase up to 21,627 Trust Units of Capital Partners II at a price of USD 1,387 each. The purchase would give Sulzer Medica a ...