Transgenomic Inc :
* Transgenomic and precipio diagnostics announce planned merger
* Says has filed to complete a reverse stock split off between one-for-ten and one-for-thirty before merger closes
* Anticipated that original precipio security holders will receive between 62% and 80% of outstanding shares of combined co
* Says company’s outstanding debt is expected to convert into common and preferred shares Source text for Eikon: Further company coverage:
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Source: Reuters.com
