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Scientific Industries Inc announces proposed acquisition

Monday, 2 Dec 2013 08:42am EST 

Scientific Industries Inc:Says that an agreement in principle has been reached with Fulcrum Inc., a privately held company, to acquire its laboratory and pharmacy balance and digital scale business, including the Torbal DRX3 mechanical scale.Says the purchase is subject to the execution of a Purchase Agreement which is to provide for a consideration of cash, shares of Common Stock of the company, and commissions on future sales of the products through the year ending June 30, 2017.Says Scientific estimates that the total purchase consideration value will be approximately $1,700,000. 

Company Quote

-0.03 -1.09%
10:25am EST