CTHE & XCOR Teaming Up to Improve Hearts & Kidneys
Shares of CT Holdings Enterprises Inc. (OTCBB: CTHE) jumped up this morning after news about its merger with Xcorporeal was released. In early trading today, CTHE was up 63 cents (140 percent) to $1.08 per share. CTHE announced in a press release that they have executed a definitive merger agreement with respect to a reverse triangular merger with Xcorporeal Inc. (Pink Sheets: XCOR), pursuant to which Xcorporeal will emerge as the surviving entity. Xcorporeal is a medical device company that has developed an innovative extra-corporeal platform technology to build devices that may potentially perform functions of various human organs. The…