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In Brief: I-Flow

This article was originally published in The Gray Sheet

Executive Summary

I-Flow: Completes acquisition of "substantially all the assets" of Hillenbrand Industries subsidiary Block Medical, a manufacturer of portable infusion devices for the alternate site market. The deal, announced in April ("The Gray Sheet" April 29, In Brief), was financed with $15 mil. in cash, "approximately 430,000 shares of I-Flow common stock, and five-year, non-callable warrants to acquire 250,000 shares of I-Flow common stock at an exercise price of $4.62"...
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