Navigation Links
Caraco Announces Stockholder Approval of Merger Agreement with Sun Pharma and Consummation of the Merger
Date:6/14/2011

DETROIT, June 14, 2011 /PRNewswire/ -- Caraco Pharmaceutical Laboratories Ltd. (NYSE Amex: CPD)(Caraco) announced that at a special meeting of stockholders held on June 14, 2011, Caraco's stockholders voted to approve and adopt the previously announced merger agreement by and among Sun Pharmaceutical Industries Limited ("Sun Pharma"), Sun Pharma Global, Inc. ("Sun Global"), Sun Laboratories, Inc. ("Sun Laboratories") and Caraco dated as of February 21, 2011. Immediately following the special meeting, on June 14, 2011, pursuant to the terms of the merger agreement Sun Laboratories was merged with and into Caraco with Caraco as the surviving corporation and each share of common stock of Caraco issued and outstanding immediately prior to the merger (other than shares held by Sun Pharma and Sun Global, and shares held by dissenting stockholders) was converted into the right to receive merger consideration of $5.25 in cash, without interest and subject to any applicable withholding taxes. Caraco's common stock will be delisted from the NYSE Amex as of the close of trading on June 14, 2011 and deregistered under the Securities Exchange Act of 1934, as amended.

Caraco's stockholders of record will receive a letter of transmittal and instructions on how to surrender their shares of Caraco common stock in exchange for the merger consideration. Stockholders of record should wait to receive a letter of transmittal before surrendering their shares.

Detroit-based Caraco develops, markets and distributes generic pharmaceuticals to the nation's largest wholesalers, distributors, drug store chains and managed care providers.

Safe Harbor: This news release contains forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Without limitation, the words "believe" or "expect" and similar expressions are intended to identify forward-looking statements. Such statements are based on management's
'/>"/>

SOURCE Caraco Pharmaceutical Laboratories, Ltd.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Caraco Pharmaceutical Laboratories, Ltd. Enters Into Consent Decree with FDA Providing Path to Resume Manufacturing Operations
2. Caraco Pharmaceutical Laboratories, Ltd. Closes Asset Purchase Agreement with Forest Laboratories, Inc. to Settle Lexapro(R) (escitalopram oxalate) ANDA Patent Litigation
3. Caraco Pharmaceutical Laboratories, Ltd. Reports Results for the Second Quarter and First Six Months of Fiscal Year 2010
4. Caraco Pharmaceutical Laboratories, Ltd. Markets Generic Acular(R) Opthalmic Solution
5. Caraco Pharmaceutical Laboratories, Ltd. Markets Generic Acular(R) Ophthalmic Solution
6. Caraco Pharmaceutical Laboratories, Ltd. Markets Nicardipine Hydrochloride Injection
7. Caraco Pharmaceutical Laboratories, Ltd. Markets Generic Eloxatin(R)
8. Caraco Pharmaceutical Laboratories, Ltd. Markets Generic Exelon® Capsules
9. Caraco Pharmaceutical Laboratories, Ltd. Markets Generic Optivar®
10. Caraco Pharmaceutical Laboratories, Ltd. Receives Notice Regarding NYSE Amex Continued Listing Standards
11. Caraco Pharmaceutical Laboratories, Ltd. Markets Generic Wellbutrin SR® Extended Release Tablets
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/17/2014)... YORK , Sept. 17, 2014 ... Summary GlobalData,s new report, "Germany Gynecological ... data on the Germany Gynecological Devices market. The ... volume (in units) and average prices (in US ... (Transcervical Sterilization Devices (Micro-inserts) and Mechanical Sterilization Devices ...
(Date:9/17/2014)... -- Levi & Korsinsky, LLP is investigating Alexza Pharmaceuticals Inc. ... of fiduciary duty by the board of directors of ... here: http://zlk.9nl.com/alexza-pharmaceuticals-alxa . There is no cost or ... stock in Alexza Pharmaceuticals Inc. and wish to obtain ... either via email at ek@zlk.com or by ...
(Date:9/17/2014)... -- Pomerantz LLP is investigating claims on behalf of ... "Company") (NASDAQ: PDLI).  Such investors are advised to contact ... or 888-476-6529, ext. 237. The investigation concerns ... directors have violated Sections 10(b) and 20(a) of the ... September 17, 2014, the Company announced that On September ...
Breaking Medicine Technology:Germany Gynecological Devices Market Outlook to 2020 2Germany Gynecological Devices Market Outlook to 2020 3SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PDL BioPharma, Inc. - PDLI 2
... Calif., May 24, 2011 AmbiCom Holdings, Inc. (OTCQB: ABHI), ... equipment suppliers, today announced that it has signed a new ... the credit line that was due to expire July 2011. ... $1.3 million from $1.0 million in the previous revolving line ...
... 2011 Systech International®, innovator of Packaging ... Videojet today announced that one of the world,s ... Serialized Product Tracking (SPT) solution on ... manufacturer will employ Systech SPT to meet Brazil,s ...
Cached Medicine Technology:AmbiCom Renews and Expands Line of Credit With East West Bank 2AmbiCom Renews and Expands Line of Credit With East West Bank 3Top Pharmaceutical Manufacturer Selects Systech to Meet Brazil's Anti-Counterfeiting Regulatory Requirements 2Top Pharmaceutical Manufacturer Selects Systech to Meet Brazil's Anti-Counterfeiting Regulatory Requirements 3Top Pharmaceutical Manufacturer Selects Systech to Meet Brazil's Anti-Counterfeiting Regulatory Requirements 4
(Date:9/18/2014)... 18, 2014 CD-adapco, the largest privately ... today announced its new partnership with Ben Ainslie Racing. ... simulation tool, STAR-CCM+® in the design of its racing ... in the 35th America’s Cup taking place in 2017. ... America’s Cup is sustainability, the set of restrictive rules ...
(Date:9/18/2014)... drink less sugar, according to a new study from ... enough, the study goes on to say, as all ... healthier at school , The research suggests a parent,s ... a child,s diet. , The study found Vancouver school ... per cent more likely to eat vegetables during the ...
(Date:9/18/2014)... is available in German . ... Mnchen have won the ,International Space Station Research ... As their prize, the scientists will see the International ... The project involves crystallizing two proteins of the hepatitis ... proteins to the International Space Station is scheduled to ...
(Date:9/18/2014)... (PRWEB) September 18, 2014 Relias Learning, the ... and human services markets, today announced it has been named ... growing private companies in America. , In the three-year period ... moved up almost 2,000 spots on the Inc. 5000 list ... , “The industries we serve continue to grow, ...
(Date:9/18/2014)... 18, 2014 According to a new market ... Market - Global Industry Analysis, Size, Share, Growth, Trends and ... market was valued at USD 77607.7 million in 2013 and ... 2014 to 2020, to reach an estimated value of USD ... services market is growing at a rapid pace due to ...
Breaking Medicine News(10 mins):Health News:Ben Ainslie Racing Using STAR-CCM+ Simulation Software to Design 35th America’s Cup Racing Boat 2Health News:Kids eat better if their parents went to college 2Health News:Hepatitis C virus proteins in space 2Health News:Relias Learning Named to Inc. 5000 List for Second Consecutive Year 2Health News:Dialysis Products and Services Market Expected to Reach USD 115.4 Billion Globally in 2020 2Health News:Dialysis Products and Services Market Expected to Reach USD 115.4 Billion Globally in 2020 3Health News:Dialysis Products and Services Market Expected to Reach USD 115.4 Billion Globally in 2020 4
... University of Rochester, New York suggests that the activated ... properties,which until now is being used to treat septic ... stroke. Researchers who conducted the study on mice found ... damage associated with ischemic stroke by preventing apoptosis, a ...
... the British Medical Journal has argued that the cause ... stage could be attributed to coloured toilet disinfectants. Researchers ... cancers detected early can be successfully treated and that ... The National programme// for detection of colorectal cancer suggested ...
... A team of doctors from different specialties, recently joined hands ... patients. Dr. Peter Costantino, an otolaryngologist, about three years ago, ... nasal cavity and right eye socket. According to the American ... neck cancer were diagnosed in 2002. This type of cancer ...
... curvature of the spine diagnosed after the age ten, ... to earlier belief that the condition increases mortality rates ... related to the curvature. Researchers from the University of ... with LIS appear to experience only little physical// impairment ...
... associated with good health and parents world over, have ... However, a recent study in New Zealand has raised ... A study involving 20 countries published in the New ... milk containing the A-1 beta case in protein and ...
... Twisthaler has been launched by Schering-Plough as therapy in ... persistent asthma in patients 12 years of age and ... January and is expected to be launched in the ... Asmanex Twisthaler, a dry powder inhaler, contains the orally// ...
Cached Medicine News:
... offer the physician a new approach to supportive ... The weight simply uses gravity to gently close ... or when the eyelid muscle is relaxed. ... variety of skin tone colors to match a ...
... Heidelberg Multi Color (HMC) ... a microprocessor-controlled precision assessment ... the red/green range (Rayleigh ... (Moreland equation) with integrated ...
... VersaSuite practice management software is ... the business and clinical aspects of ... solution offers support for the financial, ... the eye care professional. Designed as ...
... in our country to provide greater and ... recent government regulations require it. The Access ... your wheelchair-bound patients easy and comfortable access ... to leave their wheelchair. , ,The Access ...
Medicine Products: