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Financings in Brief: Metra Biosystems

This article was originally published in The Gray Sheet

Executive Summary

Metra Biosystems: Amends shareholder rights plan, raising from 15% to 20% the equity stake that a person or group must acquire to initiate the rights under the plan. "Upon the advice of our legal and financial advisors, and upon the analysis of the company's institutional shareholder base, the board of directors of Metra concluded that this change was in the best interests of Metra and its shareholders," the firm says...
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