TechCare Corp. cancelled the acquisition of Natur Holdings B.V.
The parties shall also enter in a separate stockholders' agreement, pursuant to which, upon closing, TechCare Board of Directors will comprised of six Directors. Three Directors shall be nominated by the controlling stockholders of Natur through election and three shall be nominated by the controlling stockholders of TechCare. Post-completion, Zvi Yemini, Board Chairman and Chief Executive Officer of TechCare will become Chairman of the Board. Nina Storms, Co-Founder of Natur, will join TechCare as a member of the Board. Shlomi Arbel, will serve as TechCare's Chief Executive Officer and Ellen Berkers will serve as TechCare's Chief Financial Officer. Laurence Alexander, UK Chief Executive Officer of Natur, will serve as TechCare's European Chief Executive Officer. Michel vd Bergh, Co-Founder of Natur, will serve as TechCare's Chief Commercial Officer and Tabe Ydo, Co-Founder of Natur, will serve as TechCare's Chief Marketing Officer. The transaction is subject to definitive agreement to be approved by Boards of TechCare and Natur, as well as other customary and regulatory closing conditions. Brett Maas of Hayden IR acted as investor relations advisor for TechCare.
TechCare Corp. (OTCPK:TECR) cancelled the acquisition of Natur Holdings B.V. on November 20, 2017. The transaction was terminated by mutual agreement of the parties.