Buyout Group Reaffirms $3.01 Per Share All-Cash, Go-Private Offer For Inyx
16 4월 2007 - 10:29PM
PR Newswire (US)
NEW YORK, April 16 /PRNewswire-FirstCall/ -- Inyx, Inc. (OTC:IYXI)
(BULLETIN BOARD: IYXI) , a specialty pharmaceutical company focused
on niche drug-delivery technologies and products, reported today
that the company's Chairman and CEO, Jack Kachkar, M.D., reaffirmed
to the special committee of the Inyx board of directors his
all-cash offer priced at $3.01 per share to take the company
private that was originally announced on March 26, 2007. The
special committee, with the assistance of an independent
investment- banking firm it has selected, is in the process of
evaluating the fairness of the going-private offer. It expects to
complete its evaluation after the company reports its audited
operating results for 2006. The special committee will then issue a
recommendation to Inyx stockholders, who will be asked to vote on
the offer. The $3.01 per share offer, which matches the
all-time-high closing price for Inyx's common stock recorded on
March 23, 2006, has the support of Inyx's entire senior management
team, which is participating in the offer along with a strategic
outside financial investor. About Inyx Inyx, Inc. is a specialty
pharmaceutical company with niche drug-delivery technologies and
products for the treatment of respiratory, allergy, dermatological,
topical, cardiovascular and pain-management conditions. Inyx
focuses its expertise on both prescription and over-the-counter
pharmaceutical products, and provides specialty pharmaceutical
development and production consulting services. In addition, Inyx
is developing its own proprietary products. The company's
operations are conducted through several wholly owned subsidiaries:
Inyx USA Ltd., based in Manati, Puerto Rico; Inyx Pharma Ltd. and
Inyx Europe Limited, which owns and operates Ashton Pharmaceuticals
Ltd., all near Manchester, England; Inyx Canada, Inc. in Toronto;
and Exaeris, Inc., based in Exton, Pennsylvania, which conducts
Inyx's marketing and distribution activities. Inyx, Inc.'s
corporate offices are in New York City. For more information,
please visit: http://www.inyxgroup.com/ . Safe Harbor Statements
about the Inyx's future expectations, including future revenues and
earnings, and all other statements in this press release other than
historical facts, are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, Section 21E
of the Securities Exchange Act of 1934, and as that term is defined
in the Private Securities Litigation Reform Act of 1995. Inyx
intends that such forward-looking statements be subject to the safe
harbors created thereby. Since these statements involve risks and
uncertainties and are subject to change at any time, Inyx's actual
results could differ materially from expected results. For more
information, please contact: Jay M. Green, Executive VP,
212-838-1111 Bill Kelly, VP-IR, 212-838-1111 DATASOURCE: Inyx, Inc.
CONTACT: Jay M. Green, Executive VP, +1-212-838-1111, , Bill Kelly,
VP-IR, +1-212-838-1111, , both of Inyx, Inc. Web site:
http://www.inyxinc.com/
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