Latest Share Chat

Tyratech Share News (TYR)

Tyratech Information

There is currently no data for TYR

TyraTech enters into merger agreement with American Vanguard Corporation

Fri, 28th Sep 2018 14:53

(Sharecast News) - Life sciences company TyraTech has entered into a conditional merger agreement with American Vanguard Corporation, whereby, conditional upon approval by TyraTech shareholders, AMVAC would acquire the remaining shares of common stock in TyraTech which it did not already own, for a consideration of 3.15p per share, it announced on Friday.The AIM-traded firm said that under the terms of the merger agreement, its shareholders would be entitled to receive 3.15p in cash for each share they held in the company.That would return a further £3.3m to non-AMVAC shareholders, in addition to the consideration returned in January via a tender offer at 3p per share.The transaction remained subject to certain closing conditions, including the approval of TyraTech's shareholders for both the transaction and the resulting cancellation of the admission of the shares to trading on AIM."In December 2017 when writing to shareholders concerning the disposal of Vamousse and the return of capital to TyraTech shareholders, we explained that we believed that the company's animal health business was capable of being developed to serve much larger markets than its initial products, but that this would require additional funding. However, this funding has not been forthcoming," said chairman José Barella."Accordingly, we have decided to enter into the conditional merger agreement with AMVAC."Barella noted that the proposed consideration of 3.15p per share represented a "significant premium" over the company's current share price, and was in addition to the $8.4m already returned to shareholders through the tender offer in January."The independent directors believe TyraTech's shareholders, employees and business will be better positioned following the company's acquisition by AMVAC than if TyraTech had remained as an independent entity."

More News

16 Jul 2014 17:09

TyraTech does head lice deals with Boots and Superdrug

Life science group TyraTech announced deals with British chemist chains for its head lice treatment and raised £3.5m in a share placing. TyraTech, which focuses on nature-derived insect and parasite control products, has secured listings for its Vamousse head lice products in Superdrug and Boots st

16 Jul 2014 11:40

UK MIDDAY BRIEFING: Ashley Foregoes Hard-Fought Share Bonus

16 Jul 2014 11:24

UK WINNERS & LOSERS: Meggitt Tops FTSE 100 On Airshow Rumour

16 Jul 2014 09:40

TyraTech Raises GBP3.5 Million In Share Issue For Vamousse Launch

26 Jun 2014 13:19

UK MIDDAY BRIEFING: House Builders Soar As BOE Stays Calm

26 Jun 2014 12:21

UK WINNERS & LOSERS: Housebuilders Jump Following BoE Report

26 Jun 2014 10:34

TyraTech Confident For 2014 On New Products Despite Widened Loss

19 May 2014 10:12

TyraTech Expands Vamousse Head Lice Range Online Across The US

LONDON (Alliance News) - TyraTech Inc Monday said its Vamousse head lice product line is now available to purchase online across the US. "This milestone represents a significant step in the second phase of the company's commercialisation strategy in the US, after gaining distribution of Vam

30 Apr 2014 11:56

TyraTech announces US launch of new biocide product

Nature-derived insect and parasite control products developer, TyraTech, has entered an agreement with Novartis Animal Health to launch Natunex, a new line of non-toxic biocides in the US. The new product, which is designed to quickly control the spread of insects in livestock and production animal

30 Apr 2014 11:16

TyraTech Launches Insect Control Product In The US, Distribution By Novartis

LONDON (Alliance News) - TyraTech Inc said Wednesday that it has launched its insect control product, Natunex, in the USA. TyraTech's Natunex is a line of non-toxic biocides designed for insect control in livestock and production animal facilities, where flies, roaches and other insects can

24 Apr 2014 12:41

TyraTech Granted Two New Patents By US Patent And Trademark Office

LONDON (Alliance News) - TyraTech Inc said Thursday that it had been granted two new patents from the United States Patent and Trademark Office for its pest control compositions. The first patent covers a range of TyraTech's products to control flies, cockroaches and other insects. It also

7 Apr 2014 15:46

DIRECTOR DEALINGS: TyraTech Non-Executive And Wife Sell Shares, Buy Shares Into ISA's

LONDON (Alliance News) - TyraTech Inc said Monday that non-executive Director Barry Riley and his wife both sold 124,000 shares each at a price of 11.50 pence per share last Friday. The shares were then immediately repurchased at 11.52 pence each into their respective ISA accounts. Ri

1 Apr 2014 10:28

TyraTech Head Lice Treatment Rolled Out To Over 4,000 Walmart Stores

LONDON (Alliance News) - TyraTech Inc said Tuesday that its Vamousse head lice treatment has been rolled out to more than 4,000 Walmart stores in the US. "The Board is very pleased that we are currently on schedule both in terms of number of stores and timings of sales for our Vamousse head

31 Jan 2014 16:35

TyraTech Raises GBP1.87M In Share Placing

LONDON (Alliance News) - Natural life sciences company TyraTech Inc said Friday it has raised GBP1.87 million before expenses in a placing and subscription of new shares. TyraTech said it placed the shares at a price of 5 pence per share. It said the funds raised will be used primarily to a

7 Oct 2013 16:45

Double director purchase at Northern Petroleum

Northern Petroleum, an oil and gas company, on Monday announced share purchases by two of its directors, one week after the agreement of the sale of its Netherland subsidiary, Northern Petroleum Nederland. Graham Heard, the company's Exploration & Technical Director, purchased 30,000 shares in the

Latest Share Chat

Tyratech Share News (TYR)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TyraTech enters into merger agreement with American Vanguard Corporation

Login to your account

Quickpicks are a member only feature

Login to your account