Brief: Neighbourly Enters Into Definitive Agreement To Go Private With Its Controlling Shareholder Persistence Capital Partners

Neighbourly Pharmacy

15/01/2024 12:27

Jan 15 (Reuters) - Neighbourly Pharmacy Inc  NBLY.TO :
    * NEIGHBOURLY ENTERS INTO DEFINITIVE AGREEMENT TO GO PRIVATE
WITH
ITS CONTROLLING SHAREHOLDER PERSISTENCE CAPITAL PARTNERS
    * NEIGHBOURLY PHARMACY INC: OFFER OF $18.50 IN CASH PLUS ONE
CONTINGENT VALUE RIGHT OF $0.61 PER SHARE
    * NEIGHBOURLY PHARMACY INC: BOARD HAS UNANIMOUSLY AGREED TO
SUPPORT AND RECOMMENDS THAT MINORITY SHAREHOLDERS APPROVE
TRANSACTION
    * NEIGHBOURLY PHARMACY INC: ARRANGEMENT AGREEMENT ALSO
PROHIBITS
NEIGHBOURLY TO PAY ANY DIVIDENDS TO ITS SHAREHOLDERS UNTIL
CLOSING OF TRANSACTION.
    * NEIGHBOURLY PHARMACY INC - TRANSACTION WILL BE FUNDED
THROUGH A
COMBINATION OF DEBT AND EQUITY
    * NEIGHBOURLY PHARMACY INC: TRANSACTION IS EXPECTED TO CLOSE
BY
MARCH 29, 2024

Source text for Eikon:  ID:nCNW37pQpa 
Further company coverage:  NBLY.TO 

 (Reuters.Briefs@thomsonreuters.com)