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Nanogen, 600,000 Votes Shy, Seeks More Shareholder Input for Dec. 15 Merger Decision

NEW YORK, Dec. 14 (GenomeWeb News) - Nanogen needs around 600,000 shareholder votes for its special stockholder meeting on Dec. 15 to allow its merger with Epoch Biosciences to go forward, the company said today.

 

Shareholders will decide at the meeting whether to issue new shares of Nanogen common stock in connection with the merger, and whether to amend the Nanogen certificate of incorporation to expand the number of authorized shares, a prerequisite for the merger.

 

The meeting was adjourned on Dec. 8 and postponed until Dec. 15 because the number of shares represented by votes or votes by proxy was insufficient for a decision. As of now, shares represented by proxy are 600,000 votes shy of the necessary 16.7 million votes. Nanogen stockholders as of Oct. 26 are eligible for voting.

The Scan

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