"Alere intends to enter into various agreements with BBI Diagnostics in connection with the offering and related reorganization, including a transitional services agreement, various intellectual property licenses and a relationship agreement governing certain aspects of the ongoing relationship between Alere and BBI Diagnostics.
Alere anticipates that it would initially retain the right to nominate up to two individuals to serve on the board of directors of BBI Diagnostics and that a majority of the BBI Diagnostics' board at the time of the offering will consist of directors who meet applicable standards of independence from Alere and BBI Diagnostics."
Looking forward to reading the prospectus
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bill gates foundation press release , page-16
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