MEI Pharma gains on unsolicited buyout bid from Anson Funds

Lite Strategy

30/05/2023 23:18

** Shares of MEI Pharma Inc  MEIP.O  up 8% at $7.93 in
after-market trade 
    ** Co confirms receipt of unsolicited acquisition proposal
from group of investors led by Anson Funds Management LP 
    ** The proposal is to acquire all shares of MEIP for a cash
consideration of not less than $8.00/shr, plus contingent value
right
     ** Anson Funds reported an about 10% stake in MEIP as of
May 19, according to SEC filing
    ** As of last close, MEIP shares had gained ~48% YTD

 (Reporting by Ankit Kumar)
 ((Ankit.Kumar2@thomsonreuters.com))