In Brief: Fuisz Technologies
This article was originally published in The Tan Sheet
Executive Summary
Fuisz Technologies: Chantilly, Va.-based firm completes acquisition of Clonmel Healthcare, Fuisz announces Sept. 3. Fuisz purchased the Irish manufacturer of prescription and OTC products for 1 mil. shares of Fuisz stock and a three-year payment of $12.5 mil. to Clonmel's owners, the Cross Group ("The Tan Sheet" Aug. 4, p. 5). Clonmel had operating profits of U.S. $1.6 mil. last year and has net assets of U.S. $8.9 mil...