Comvita Takes on Debt for Bigger Stake in US Partner
The New Zealand Herald, 4/20/2006
NZAX-listed health products maker Comvita has taken on more debt to buy an extra US$1 million ($1.6 million) stake in American partner Derma Sciences.
The money will be used to support Derma's US$6.5 million purchase of Western Medical, a United States-based maker and marketer of medical textile dressing.
The latest equity stake with attached warrants could take Comvita's stake in Derma to 10 per cent…
Thursday, April 20, 2006
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