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Examples
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Mesoblast and Angioblast are jointly funding and progressing the core technology.
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Professor Itescu said that the Angioblast acquisition would enable the Mesoblast Group to significantly broaden its product portfolio based on 100% ownership of the intellectual property underpinning the company's patented adult stem cell technology platform.
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Angioblast stockholders will be given the election to take the acquisition consideration either as 100% Mesoblast fully paid ordinary shares or up to 15% in cash and the balance (a minimum of 85%) in Mesoblast fully paid ordinary shares.
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To acquire the remaining fully-diluted Angioblast stock which is not already owned by Mesoblast (approximately 67%), the Company proposes to issue an additional 94.6 million Mesoblast shares to Angioblast security holders.
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To acquire the remaining fully-diluted Angioblast stock which is not already owned by Mesoblast (approximately 67%), the Company proposes to issue an additional 94.6 million Mesoblast shares to Angioblast security holders.
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Angioblast stockholders who are subject to United States federal tax to fund the payment of capital gains tax arising as a result of this transaction.
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Limited today announced that it will acquire its United States associate company, Angioblast
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Mesoblast and Angioblast are jointly funding and progressing the core technology.
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Professor Itescu said that the Angioblast acquisition would enable the Mesoblast Group to significantly broaden its product portfolio based on 100% ownership of the intellectual property underpinning the company's patented adult stem cell technology platform.
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The acquisition is subject to various conditions including Mesoblast and Angioblast shareholder approvals and satisfactory due diligence.
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