Less Than 40,000 Additional "FOR" Votes Required for Integra Merger
IRVINE, California, October 26 /PRNewswire-FirstCall/ -- IsoTis, Inc. (NASDAQ: ISOT) ("IsoTis"), an orthobiologics company, today announced that it has adjourned its special meeting of stockholders again, to Monday, October 29, 2007, to approve the acquisition of IsoTis by Integra LifeSciences Holdings Corporation (NASDAQ: IART) ("Integra") pursuant to an agreement and plan of merger dated as of August 6, 2007.
The special meeting of stockholders will reconvene at 1.30 p.m. Pacific time on Monday, October 29, 2007 at the offices of Latham & Watkins LLP, at 650 Town Centre Drive, 20th floor, Costa Mesa, CA.
Of the approximately 3.7 million shares present in person or by proxy at today's meeting, approximately 3.5 million shares voted "for" the merger with Integra, representing approximately 94.5% of the votes cast to date and approximately 49.5% of all outstanding shares at the record date.
If insufficient votes are cast in favour of the Integra merger at the reconvened meeting to approve the acquisition, IsoTis may adjourn the meeting again, or call a new meeting to be held in late November 2007, with a new record date for the stockholders entitled to vote.
The IsoTis Board of Directors continues to believe unanimously that the
interests of IsoTis' stockholders are best served by the acquisition by
Integra, and that there are no feasible alternatives for the company and
|SOURCE IsoTis Inc|
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