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TransEnterix, Inc. Message Board

  • fourms_2000 fourms_2000 Aug 23, 2013 12:35 PM Flag

    I just received more electronic Info from SFES

    "SAFESTITCH MEDICAL, INC.
    4400 Biscayne Blvd.,
    Miami, Florida 33137
    INFORMATION STATEMENT PURSUANT TO SECTION 14(f)
    OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, AND RULE 14f-1
    PROMULGATED THEREUNDER
    NOTICE OF CHANGE IN MAJORITY OF THE BOARD OF DIRECTORS
    August 19, 2013

    CHANGE OF CONTROL
    Merger
    On August 13, 2013, the Company entered into an Agreement and Plan of Merger (the “Merger
    Agreement”) with Tweety Acquisition Corp., a Delaware corporation and wholly owned subsidiary of the
    Company (“Merger Sub”), and TransEnterix, Inc., a Delaware corporation (“TransEnterix”). Pursuant to the
    Merger Agreement, Merger Sub will merge with and into TransEnterix with TransEnterix surviving the merger
    as the Company’s wholly owned subsidiary (the “Merger”)", and so on and so forth.

    "Accordingly, after consummation of the Merger, our Board will consist of Dennis J. Dougherty, Phillip
    Frost, M.D., Jane H. Hsiao, Ph.D., MBA, Aftab R. Kherani, M.D., Paul A. LaViolette, David Milne, Richard
    Pfenniger, Todd M. Pope and William N. Starling, Jr. Our executive officers will be: Todd M. Pope, President
    and Chief Executive Officer; Richard M. Muller, Chief Operating Officer; James J. Martin, C.P.A., Chief
    Financial Officer and Charles J. Filipi, Chief Medical Officer."

    "The Board will consider candidates recommended by our stockholders pursuant to written applications
    submitted to our Corporate Secretary, SafeStitch Medical, Inc., 4400 Biscayne Boulevard, Miami, Florida 33137."

    I was not able to find any info that related to what would happen to current SFES shareholders in the 21 page document. Maybe I missed it in all the other verbiage.

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