Enzon and Viskase sign merger; Enzon shareholders to own ~2% of combined co

Viskase Holdings, Inc.

Enzon to acquire Viskase in all-stock reverse merger; combined company will be named "Viskase Holdings, Inc." and trade on OTCQX.
Enzon common stockholders expected to own ~2.06%; Series C Preferred holders ~13.84%; Viskase stockholders ~84.1%.
Timothy P. Feast, current Viskase CEO, will be CEO of combined company; board selected by Viskase.
Closing subject to stockholder approvals, antitrust clearance, etc.; termination fee of $1.0M each.
Icahn Enterprises Holdings L.P. and affiliates entered support agreement to vote for merger and exchange Series C Preferred at discount.

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