Tuesday 29 April 2008

Napier deal approved by shareholders

Last week the shareholders of Napier Environmental Technologies Inc ("Napier") approved the sale of its intellectual property outside of North America to Freeworld Coatings Global ("Freeworld") and the option grant to Freeworld to acquire the North American sales, marketing and manufacturing operations of Napier, including existing customers outside of North America, for $5.25 million in cash. See postings on Afro-IP here and here.

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