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February 19, 2013
09:01 EDTBPAXEgan-Jones recommends investors vote for BioSante, ANI merger
BioSante Pharmaceuticals announced that Egan-Jones Proxy Services, an independent proxy advisory firm, has recommended that BioSante stockholders vote “FOR” the adoption of the merger agreement between BioSante and ANIP Acquisition Company d/b/a ANI Pharmaceuticals, Inc. and all related matters being submitted to a vote of BioSante stockholders at BioSante’s upcoming special meeting of stockholders scheduled to be held on March 15. In recommending that the merger transaction be approved, Egan-Jones noted, “Based on our review of publicly available information on strategic, corporate governance and financial aspects of the proposed transaction, Egan-Jones views the proposed transaction to be a desirable approach in maximizing shareholder value and recommends that clients holding shares of BioSante Pharmaceuticals, Inc. vote “FOR” this Proposal.”
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