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Bullboard - Stock Discussion Forum
IBEX Technologies Inc
V.IBT
Healthcare
Biotechnology
IBEX Technologies Inc., through its wholly owned subsidiary, IBEX Pharmaceuticals Inc., manufactures and markets enzymes for biomedical use. IBEX Pharmaceutical Inc.’s primary business is the manufacture and selling of high purity enzymes for in-vitro diagnostics and research. The Company also makes and sell osteoarthritis kits (ELISA’s) for pre-clinical research. The Company has developed a...
proprietary expression for the production of its enzymes in Flavobacterium heparinum. This expression system allows for producing each glycosaminoglycan (GAG) enzyme separately from other enzymes therefore achieving the highest purity using a well-defined proprietary purification scheme. The Company operates in one industry segment: the production and sale of diagnostic products.
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TSXV:IBT - Post Discussion
IBEX Technologies Inc
> Signs Definitive Agreement for Sale of the Company V.IBT
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(1931)
•••
Betteryear2
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Post by
Betteryear2
on Feb 12, 2024 8:25am
Signs Definitive Agreement for Sale of the Company V.IBT
MONTREAL, Feb. 12, 2024 (GLOBE NEWSWIRE) -- IBEX Technologies Inc. (“
IBEX
” or the “
Company
”) (TSX Venture: IBT) is pleased to announce that it has entered into a binding acquisition agreement dated February 9, 2024 (the “
Acquisition Agreement
”) and related agreements with 15720273 Canada Inc. (the “
Purchaser
”), a newly-incorporated, wholly-owned subsidiary of BBI Solutions OEM Limited (“
BBI
”), whereby BBI will acquire all of the issued and outstanding shares of IBEX at a price of $1.45 per share in cash. The transaction will be effected by way of an amalgamation of IBEX and the Purchaser under the
Canada Business Corporations Act
(the “
Amalgamation
”) to form an amalgamated corporation (“
Amalco
”). Under the Amalgamation, each issued and outstanding common share of IBEX will be exchanged for one redeemable preferred share of Amalco, which will immediately be redeemed for $1.45 cash per share. The total consideration is approximately $37.9 million.
IBEX Technologies Signs Definitive Agreement for Sale of (globenewswire.com)
(4)
•••
winnerswing
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Comment by
winnerswing
on Apr 08, 2024 3:11pm
Why an HALT today? Higher bid?
(4)
•••
winnerswing
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Comment by
winnerswing
on Apr 09, 2024 1:55am
okay I think they halted to let brokers to pick up all the shares.
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