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Advanced Ocular Systems in $22m merger

22-December-08 by Rebecca Lawson

South Perth-based Advanced Ocular Systems will transform into a scaffolding business after it agreed to merge with International Formwork & Scaffolding, valued at $22.5 million.

Under the deal, AOS will issue 1.575 billion shares priced at 1.43 cents each and 787.5 million listed AOS options with an exercise price of 2.5c.

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