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Stock Market & Financial Investment News

News Breaks
October 23, 2012
06:24 EDTNABINabi Biopharmaceuticals shareholders approve merger agreement with Biota
Biota Holdings Ltd announces that the shareholders of Nabi Biopharmaceuticals have approved proposals related to the business combination transaction with Biota, at a shareholders meeting held at on Oct. 22. the following proposals were approved by the requisite majority votes: To increase the authorised shares in Nabi to 200M. To approve the issuance of shares of Nabi to Biota shareholders as contemplated by the Merger Implementation Agreement. To approve, at Nabi directors' sole discretion, a share consolidation in the range of four-to-one to eight-to-one. And to approve the change of name from Nabi Biopharmaceuticals to Biota Pharmaceuticals Inc.
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