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news.Oracle Healthcare Acquisition has entered into an agreement with Precision Therapeutics for the mutual termination of the agreement and plan of merger dated as of December 3, 2007 and amended on January 24, 2008 and February 25, 2008.
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Oracle Healthcare and Precision determined that, due to currently prevailing market conditions, terminating the merger agreement was in the best interests of both the companies, as well as their respective stockholders.
The company’s board of directors has canceled the special meeting of stockholders of the company that had been scheduled to occur on March 5, 2008 for the purpose of voting on the merger agreement.