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
Apple confirmed that it has bought face animation software firm Faceshift, although it was tight lipped about how it intends to use the new addition. The move is speculated as a bid to expand into virtual reality. Environment ministry of South Korea Thursday ordered Volkswagen Korea to recall 125,522 diesel vehicles on determining actual emissions of nitrogen oxides. The ministry has asked the German automobile maker to pay a fine of 14.1 billion Won or $12.31 million. The company has to submit a recall plan by January 6, 2016. The U.S. Food and Drug Administration has alerted health care professionals and patients of a voluntary recall of compounded multivitamin capsules containing high amounts of Vitamin D3 (Cholecalciferol), distributed nationwide by Glades Drugs in Pahokee, Florida. FDA has received reports of several...
comments powered by Disqus
Follow RTT