* Xtent board approves plan of dissolution
* To hold shareholders meeting to seek approval
May 15 Xtent Inc XTNT.O said its board
approved a plan to liquidate the company's assets, after
considering potential strategic alternatives.
Xtent intends to hold a special meeting of the shareholders
to seek approval of the plan of dissolution.
The plan of dissolution contemplates an orderly wind down
of the company's business and operations.
"Although the company's board of directors has approved the
plan of dissolution, it will continue to consider any
reasonable alternative strategic proposals presented to the
company," Xtent said.
Shares of the company closed at 99 cents Friday on Nasdaq.
For the alerts double-click [ID:nWNAB0638] .
(Reporting by Anand Basu in Bangalore; Editing by Jarshad