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Article: Genetic Engineering finalizes agreement to acquire International Epicure for stock; International Epicure will invest $3,000,000 in Genetic Engineering, which will change its name to Sumoka (USA) Inc.
- Article from:
- PR Newswire
- Article date:
- June 30, 1988
CopyrightCOPYRIGHT 1988 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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GENETIC ENGINEERING FINALIZES AGREEMENT TO ACQUIRE
INTERNATIONAL EPICURE FOR STOCK;
International Epicure Will Invest $3,000,000 in Genetic Engineering,
Which Will Change its Name to Sumoka (USA), Inc.
NEW YORK, June 30 /PRNewswire/ -- Genetic Engineering, Inc. (NASDAQ: GEEN), announced today it finalized an agreement to acquire privately owned International Epicure, Inc. Genetic Engineering, which has 3,178,675 shares outstanding, will issue 2,225,073 common shares and 519,184 preferred shares to International Epicure, which will now control Genetic Engineering. Simultaneously, International Epicure's ...