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At the effective time of the merger all outstanding shares of Zila's common stock were converted into the right to receive USD0.45 per share in cash.
Zila is now a wholly-owned subsidiary of TOLMAR Holding, the holding company for Tolmar Inc, a pharmaceutical research, development, manufacturing and commercial operations company.
Zila is expected to continue its operations as a stand-alone business unit.
Its common stock ceased to be traded on Nasdaq as of Friday.
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