Heska Announces Acquisition of Cuattro Assets
Heska Corporation (HSKA)
Last heska corporation earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
ir.heska.com
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Source: PR Newswire
LOVELAND, Colo., Nov. 30, 2018 /PRNewswire/ -- Heska Corporation (NASDAQ: HSKA - News; "Heska" or the "Company"), a provider of advanced veterinary diagnostic and specialty products, today announced that its Heska Imaging, LLC ("Heska Imaging") subsidiary reached agreement with Cuattro, LLC ("Cuattro") to purchase certain software and related assets (the "Software") and to terminate the related license and supply agreements between Heska Imaging and Cuattro (collectively, the "Transactions"). The related license and supply agreements were originally agreed to as part of the Company's 2013 acquisition of a majority interest in Cuattro Veterinary USA, LLC, a predecessor entity to Heska Imaging. The Company's Chief Executive Officer and President, Kevin Wilson, and related family persons or entities own a 100% interest in Cuattro. The aggregate purchase price of the Software is $8.2 million, consisting of $2.75 million in cash and 54,763 shares of Heska's common stock.Heska's Chair, S
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