GREY:CBICF - Post by User
Comment by
TheCasinoIsOpenon Oct 18, 2018 9:32am
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Post# 28826063
RE:RE:Mpx and ianthus combine in all stock deal
RE:RE:Mpx and ianthus combine in all stock dealBigMoneyHoney wrote: Does anyone know what this means for MPX shareholders exactly?
"The Agreement provides that MPX shareholders will be entitled to receive 0.1673 common shares of iAnthus for each common share of MPX held (the "Exchange Ratio"), representing a consideration of approximately $1.28 per MPX common share, a premium of 30.6% based on the closing price of iAnthus and MPX common shares on October 17, 2018. In addition, each MPX shareholder will receive common shares of the newly formed MPX International which will hold all of the non-U.S. businesses of MPX. MPX International will apply to list on the Canadian Securities Exchange (the "CSE") with the listing to occur contemporaneously with closing of the transaction. All references to currency are in Canadian dollars."
Ref: https://markets.businessinsider.com/news/stocks/ianthus-and-mpx-bioceutical-announce-transformational-combination-expands-u-s-footprint-to-10-states-1027630316