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CRY > SEC Filings for CRY > Form 8-K on 20-Aug-2013All Recent SEC Filings

Show all filings for CRYOLIFE INC



Other Events

Item 8.01 Other Events.

Medafor, Inc. posted a letter to its shareholders on its website on August 19, 2013 announcing that it had entered into a definitive merger agreement to be acquired by a third party. A copy of the text of that letter, without the attachment, is attached to this Form 8-K. CryoLife, Inc. owns 2,379,554 shares of Medafor common stock. CryoLife's carrying basis for the Medafor stock is $2,679,000. To the extent that the merger is completed and CryoLife receives in excess of its carrying basis for its Medafor shares, that amount will be recognized as Other Income. CryoLife cautions its shareholders, however, that there is no guarantee that the merger will be consummated. The Medafor letter states that the transaction is subject to approval of Medafor's shareholders as well as certain regulatory authorities. CryoLife has not had the opportunity to confirm any of the statements made in the attached letter or to review the merger agreement and is therefore unable to determine whether or not the statements made in the letter are accurate or whether there are additional contingencies in the agreement that could cause the transaction to fail to close or otherwise modify the terms of the transaction or the consideration to be received.

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