Digital Angel, a technology company in the field of animal identification and emergency identification solutions, confirmed that it has received a unsolicited non-binding proposal from PositiveID (PSID) that, subject to due diligence and other unstated conditions, PSID is prepared to make an offer to purchase all the common shares of Digital Angel for US$0.60 per share in PSID common stock. Additional details of the possible offer have not yet been made available.
Digital Angel, a technology company in the field of animal identification and emergency identification solutions, confirmed that it has received a unsolicited non-binding proposal from PositiveID (PSID) that, subject to due diligence and other unstated conditions, PSID is prepared to make an offer to purchase all the common shares of Digital Angel for US$0.60 per share in PSID common stock. Additional details of the possible offer have not yet been made available.
The Digital Angel Board of Directors will in any event review the terms of this non-binding proposal this month at its next regularly scheduled meeting.