Aug 27 (Reuters) - InSite Vision Inc INSV.PK :
* Insite Vision Inc says Insite Vision'S board of directors approved the revised merger agreement with QLT
* Insite Vision and QLT amend merger agreement
* Insite Vision Inc says Insite and QLT inc entered into a revised merger
agreement under which qlt will acquire insite vision
* Insite-board determines previously announced binding offer from a
multi-national pharmaceutical co no longer constitutes a "company superior
proposal"
* Insite vision-based on wednesday's closing price, insite stockholders to
receive shares of qlt worth about $0.267/share of insite held
* Insite Vision-the prior agreement with qlt, announced june 8, 2015,
offered $0.178 per insite share as of that date
* Insite Vision - new agreement provides assurance of at least $0.25 per
share and provides potential upside appreciation to up to $0.30 per share
* Insite Vision-under terms, termination fee qlt will be entitled to
receive from insite under certain circumstances rose from $1.2 mln to $2.7
mln
* Source text for Eikon ID:
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