STOCKHOLM, April 27 (Reuters) - Karo Bio KARO.ST :
The board of Karo Bio has resolved to issue 13,480,392 new shares in Karo Bio to the shareholders of Tanomed AB at an issue price of SEK 1.48 per share and in total 20 MSEK, which is equal to the agreed purchase price.
As previously informed, Karo Bio has signed an agreement to acquire 100 percent of the shares in Tanomed AB against payment in shares in Karo Bio AB.
Link to press release: http://mb.cision.com/Main/72/9763372/372042.pdf