Transition Therapeutics (TTHI) halted for info

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Go back to Transition Therapeutics (TTHI) halted for info

OPKO Health Completes Acquisition of Transition Therapeutics

August 31, 2016 1:00 AM EDT

MIAMI--(BUSINESS WIRE)-- OPKO Health, Inc. (NASDAQ: OPK), announces that it has completed its previously announced acquisition of Transition Therapeutics, Inc. (NASDAQ: TTHI, TSX: TTH), by way of a plan of arrangement (the Arrangement) which was approved by Transition Therapeutics shareholders at their meeting held on August 25, 2016. Pursuant to the Arrangement, shareholders of Transition Therapeutics will receive an aggregate of approximately 6.4 million shares of OPKO common stock, or 0.1657 shares of OPKO common stock for each common share of Transition Therapeutics. The Arrangement was approved by the Ontario Superior Court of... More