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Wednesday, September 28, 2011 4:30:10 PM
NEW YORK, NY--(Marketwire - 07/20/11) - Healthnostics, Inc. (Pinksheets:HNSS - News) has been authorized to present its shareholders with an offer to purchase a minimum of 51 percent of the Company's outstanding shares for $.01 per share cash.
The Healthnostics Board of Directors had approved this transaction and agreed to recommend it to Healthnostics stockholders. That recommendation is now withdrawn. The Board believes the offer to be inadequate.
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