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Vivalis SA Announces Update on Merger with Intercell AG and Planned Name Change to Valneva

Tuesday, 14 May 2013 02:30am EDT 

Vivalis SA and Intercell AG announced that the final administrative step for closing of the proposed merger between the two companies to create Valneva SE (Valneva) has been initiated by filing of the relevant documents with the companies' register at the Commercial Court of Lyon. On the expected closing date May 28, 2013, Intercell shareholders will receive 13 new ordinary shares and 13 new preferred shares of Valneva for every 40 Intercell shares that they own. Vivalis shares will not be affected by any share exchange and continue to exist under the new name of Valneva. The Valneva shares will be traded on both the NYSE Euronext Paris and the Vienna Stock Exchange. 

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-0.02 -0.53%
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