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Article: Diomed, Inc. Completes Merger Transaction With Public Company, Diomed Holdings, Inc.
- Article from:
- PR Newswire
- Article date:
- February 19, 2002
CopyrightCOPYRIGHT 2002 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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ANDOVER, Mass. -- Diomed, Inc. (DIMD.BB), a provider of clinical modalities used in minimal and micro-invasive medical procedures, has announced that it completed its merger transaction with Diomed Holdings, Inc., a Nevada corporation formerly known as Natexco Corporation (the "Company"). As a result of the merger, the stockholders of Diomed own approximately 51% of Diomed Holdings, and Diomed has become a wholly owned subsidiary of Diomed Holdings. Coincident with the merger, the Company conducted a private placement offering of its securities and raised gross proceeds of $10,000,000. The Company intends to use the proceeds of the private placement for the payment of ...