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Zila Board Finds the Intelident Proposal Not Superior to Tolmar Offer
Zila, 07/13/09
Zila, Inc. announced that its Board of Directors has carefully reviewed a non-binding contingent proposal submitted by Intelident Solutions Inc. to Zila on July 2009 to acquire all of Zila's common stock for $0.42 per share. The Board concluded that the Intelident proposal is not superior to Zila's existing agreement to be acquired by Tolmar Holding, Inc. (Tolmar).
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