logo
Share SHARE
FONT-SIZE Plus   Neg

Spherix Shareholders Okay To Buy 224 Patents Held By North South Holdings

Spherix Inc. (SPEX) -- an intellectual property development company - announced Monday that it has received shareholder approval to acquire North South Holdings. Shareholders voted to ratify the Plan of Merger between the parties, pursuant to an Agreement and Plan of Merger dated as of April 2, 2013.

Closing is subject to expiration of the statutory 20 calendar day period from mailing, which will expire September 2, 2013.

North South Holdings owns a patent portfolio consisting of 224 patents in the fields of wireless communications, satellite, solar, radio frequency and pharmaceutical distribution. North South is already managing its patent portfolio and has filed patent infringement litigation against T-Mobile USA and two lawsuits related to pharmaceutical distribution.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Mastercard Inc. said that after April 2018, customers will no longer be required to sign for any purchases they made on the card at retail. The company added that the change, which will apply to both credit and debit cards, will not have any negative impact on safety. Procter & Gamble Company (PG) Friday reported a profit for the first quarter fiscal year 2018 that grew 5 percent from last year, while quarterly net sales increased one percent. Adjusted earnings per share topped analysts' expectations. The company maintained its expectation for fiscal year 2018. Conglomerate General Electric Co. reported Friday weak earnings in its third quarter, despite increased revenues and orders. Adjusted earnings were sharply lower than market estimates, while top line beat their view. In pre-market activity, GE shares were losing around 5 percent.
comments powered by Disqus
Follow RTT