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lugan

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lugan

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Re: lugan post# 149

Monday, 04/13/2009 11:53:02 AM

Monday, April 13, 2009 11:53:02 AM

Post# of 232
Looks like that deal is dead:

SAN DIEGO--(BUSINESS WIRE)--Jan. 21, 2009--Nanogen, Inc. (Nasdaq: NGEN), developer of in vitro diagnostic products, today announced that it has received permission to investigate alternatives to its announced merger with the Elitech Group. Nanogen requested and Elitech agreed to waive the restrictions in the Share Exchange Agreement related to Nanogen's right to investigate alternatives because Nanogen and Elitech believe it is unlikely that closing conditions to the merger contemplated by the Share Exchange Agreement will be met by March 31, 2009.

http://phx.corporate-ir.net/phoenix.zhtml?c=105681&p=irol-newsArticle&ID=1246648&highlight=
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