TSXV:CLAS.H - Post by User
Post by
AnakinPadmeon Mar 05, 2020 6:36pm
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Post# 30772736
Bassa
BassaAn interesting day. I'm more than a little curious to see how this plays out.
Here's the part of the press release that most interests me:
"On close of the acquisition, Mr. David Bassa, Chairman and CEO of Stero, will be appointed as Chairman and CEO of Kalytera, and Kalytera’s current board of directors will be replaced by directors to be named by Mr. Bassa. In anticipation of this, two of Kalytera’s current independent directors, Jeff Paley, M.D. and Mr. Robin Hutchison, have submitted their notices of resignation, and will be replaced by independent directors to be named by Mr. Bassa."
What happens to Farrell in this scenario? And does this mean that Stero is, in effect, taking over Kalytera and not vice versa?