InSite Vision and QLT Amend Merger Agreement
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Insite Vision (INSV), QLT Inc. (QLTI) Enter Amended Merger Agreement; Number of Shares Subject to Cap
August 27, 2015 8:36 AM EDTInSite Vision Inc. (OTC: INSV) announced that InSite and QLT Inc. (NASDAQ: QLTI) entered into a revised merger agreement under which QLT will acquire InSite Vision.
Under the terms of the revised merger agreement, a wholly owned subsidiary of QLT will be merged with and into InSite Vision. At the time of the merger, each InSite Vision share will be exchanged for the following:
0.078 QLT shares, if the average trading price of QLT shares for the 15-trading day period ending on... More