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News Breaks | | | | September 25, 2012 | | 17:15 EDT |  | ABIX | Abatix Corp announces going private transaction
ABATIX CORP announced the Company's board of directors approved a formal proposal from stockholders owning 77.9% of Abatix Corp.'s common stock to take the Company private through a 40,000 to one reverse stock split of its common stock. Any stockholder holding less than one share following the Reverse Stock Split will receive $14.75 in cash for each Abatix share held prior to the Reverse Stock Split. When the Reverse Stock Split is completed, it is expected that the number of beneficial stockholders of Abatix common stock will be reduced to approximately four, allowing the Company to become a private | |
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