March 16 (Reuters) - Correvio Pharma Corp CORV.TO :
* ADVANZ PHARMA TO ACQUIRE CORREVIO
* CORREVIO PHARMA - ACQUISITION EXPECTED TO HAVE A TOTAL PURCHASE PRICE OF APPROXIMATELY US$76 MILLION INCLUDING REPAYMENT OF CERTAIN CORREVIO INDEBTEDNESS
* CORREVIO PHARMA CORP - ADVANZ PHARMA INTENDS TO PAY FOR ACQUISITION WITH CASH ON HAND
* CORREVIO PHARMA CORP - AS OF SEPTEMBER 30, 2019, ADVANZ PHARMA'S CASH POSITION WAS APPROXIMATELY US$243 MILLION.
* CORREVIO PHARMA - ADVANZ PHARMA WILL BE PAYING US$0.42 PER ISSUED AND OUTSTANDING SHARE VALUING CO'S EQUITY AT ABOUT US$28 MILLION ON A FULLY DILUTED BASIS