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AVI Terminates Planned Buyout Of eXegenics As Offer Expires

By Aaron Lorenzo

Wednesday, September 3, 2003
Another merger agreement has fallen apart for eXegenics Inc. For the second time in the past year, the Dallas-based company saw its plans dissolve about two months after initially reporting a decision to combine with another firm. The latest suitor to walk away, AVI BioPharma Inc., said an insufficient number of eXegenics shareholders agreed to the tender offer. (BioWorld Today)

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