EMS 0.00% 3.2¢ eastland medical systems ltd

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    Medical Industries Australia Pty Ltd &
    Eastland Medical Systems Ltd Update Date: 09/18/03
    Date Announced: 09/17/03
    Value (million $USD): 3.4 million U.S. Dollar
    5.1 million Australian Dollar

    Status: Pending


    TRANSACTION DETAILS
    Date Announced 09/17/03
    Date Originally Announced 09/17/03
    Format Acq. of Assets Acquisition techniques Not Applicable
    Attitude Friendly Agency n/a
    Value 3.4 million U.S. Dollar
    5.1 million Australian Dollar Advisor Fees n/a
    SYNOPSIS
    AUSTRALIA - Eastland Medical Systems Ltd (EM) agreed to acquire Medical Industries Australia Pty Ltd, a bandages and dressings manufacturer and wholesaler, for 5.1 mil Australian dollars ($3.39 mil US). The consideration was to consist of A$4.1 mil ($2.725 mil) in cash and the issuance of A$1 mil ($0.665 mil) EM ordinary shares. The transaction was subject to due diligence completion.


    TARGET
    Name Medical Industries Australia Pty Ltd
    Industries Drugs, drug proprietaries, and druggists' sundries
    City Redfern, New South Wales
    State n/a
    Nation Australia
    Incorporated in n/a
    Public Status Private
    Business Description Manufacture and wholesale bandages and dressings, medical disposables, nursing aids and sundries, equipment, diagnostics, pharmaceuticals and mini-lip balm
    Advisors n/a
    Target Sales n/a
    ACQUIROR
    Name Eastland Medical Systems Ltd (Australia : EMS)
    Industries n/a
    City West Perth
    State n/a
    Nation Australia
    Incorporated in n/a
    Public Status Public
    Business Description Manufature and develop injection, infusion and blood-drawing devices
    Advisors n/a
    Acquiror Sales n/a







 
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