News Breaks |
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| October 9, 2012 |
| 07:03 EDT |  | PRPH | Matrixx Initiatives revises acquisition offer for ProPhase Labs
Matrixx Initiatives announced that it has increased its offer to acquire all of the outstanding shares of ProPhase Labs by 14.3% to $1.60 per share. The revised offer represents a premium of 51.7% over the 30-day average closing price of ProPhase's stock and a 53.7% premium to ProPhase's average closing price over the 12 months preceding September 6, 2012. Matrixx had initially proposed an all-cash acquisition of ProPhase for $1.40 per share on May 29. |
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