Under the deal, which was announced in May, Norgine will acquire Merus Labs for USD 1.
The transaction is subject to court approval, and the approval of the holders of at least 66 2/3 % of Merus' common shares present in person or represented by proxy at a special meeting of Merus shareholders to be called to consider the arrangement.
7% of the issued and outstanding Merus common shares (calculated on a non-diluted basis), have entered into voting support agreements with Norgine in favour of the arrangement.
Merus active filters are utilized to clean the electrical network from various kinds of power quality problems.
Merus active harmonic filters are constructed on modern power electronics technology with a swift real-time response.
Better power quality gained with Merus Power solution will support the data centre operator to save energy, minimize unexpected breakdowns and increase the life-time of expensive electrical equipment.
Merus active harmonic filters have been designed and tested to keep these requirements in mind," says Kari Tuomala, Managing Director of Merus Power.
Merus active filters are used to clean the electrical network from different types of power quality problems.
Pursuant to the contract, Dacha will complete the balance of the earlier announced investment of around USD11m in Merus.
According to the contract, Merus will acquire from Dacha, in exchange for common shares of Merus, a new subsidiary ("Newco") to be incorporated by Dacha and to which Dacha will contribute a minimum of USD6m cash by way of equity subscriptions.
This report is built using data and information sourced from Global Markets Direct's proprietary databases, Merus B.
Product profiles for late stage and clinical stage products of Merus B.