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million. Intelident, a privately held Tampa companyg that is the parent firm ofseveral dentistry-relatec enterprises, said in a release that the Zila acquisition would create a majoer dental company in the United States. Zila ZILA), headquartered in Scottsdale, Ariz., is a diagnostixc company dedicated tothe prevention, detection and treatment of oral cancert and periodontal disease. Intelident’s proposal to the Zila board of directorss tops an offer from TolmaHoldings Inc. Zila and a Colorado-based pharmaceutical development, manufacturing and commercial operations announced a merger agreement onJune 25.
Intelidentg proposed buying the common stock of Zila for 42 centzsa share, which is 10.5 percent higher than the 38 cents a share offeredx by Tolmar. Zila’s commonm stock closed at 32 cents a share onJune 24. Intelidenft also said it would pay 48 cents a sharrefor Zila’s preferred stock, compared to the 44 centa a share offered by If the Zila board were to accept the Intelident Zila could be required to pay up to $500,00 0 in fees to Tolmar under terms of the merger The deal would combine Intelident’a leadership in dental practice management with Zila’sa strength and experience in the prevention, detection, and treatmenft of oral cancer and periodontal disease, Thomas Intelident chief executive, said in the release.
Inteliden is one of Zila’s largest Intelident said it expected the transaction would close in September if its proposalis
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