Startup plans bid to buy out EP Global Communications

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1 Feb, 2017 | 06:19

Author Ephraim Bie
Theme Healthcare & Pharmaceuticals

InWith Corp. is planning to buy out its partner EP Global Communications Inc.

The startup plans to offer up to 9.8 cents per share in cash or 1.25 of its stock for every EP Global share tendered to the offer. EP Global said it would put the proposal before its shareholders in a proxy vote.

InWith plans to make new "body technologies" from wearable devices to implantable devices tied to a mobile wireless network. The company, which is seeking as much as $500 million in private funding, previously announced a partnership to build EP Global's patented ophthalmic technologies.