Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade SPEX now with 

Spherix Inc. (SPEX: Quote) -- 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.

Click here to receive FREE breaking news email alerts for Spherix Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.