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BRIEF-NexJ Systems announces plan of arrangement for spin-off of healthcare business unit

Published 2015-12-11, 07:07 a/m
© Reuters.  BRIEF-NexJ Systems announces plan of arrangement for spin-off of healthcare business unit
NXJ
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Dec 11 (Reuters) - NexJ Systems Inc NXJ.TO :
* Announces plan of arrangement for spin-off of healthcare business unit
* Says pursuant to the arrangement, the healthcare business will be owned by a
new corporation called NexJ health holdings inc
* Says shareholders of NexJ Systems will receive one share of NexJ health
holdings for every share of NexJ Systems owned
* NexJ Systems unit NexJ health and NexJ health holdings entered into
arrangement agreement setting out terms of arrangement
* Says NexJ Systems board of directors has unanimously approved the arrangement

* Source text for Eikon ID:nCNWL6hlGa

* Further company coverage NXJ.TO

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