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Bullboard - Stock Discussion Forum Knight Therapeutics Inc T.GUD

Alternate Symbol(s):  KHTRF

Knight Therapeutics Inc. is a specialty pharmaceutical company. The Company’s principal business activity is developing, acquiring, in-licensing, out-licensing, manufacturing, marketing and distributing pharmaceutical products in Canada, Latin America and select international markets. It finances other life sciences companies and secures product distribution rights for Canada and select... see more

TSX:GUD - Post Discussion

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Post by Michel1234 on Jan 04, 2024 10:10am

NCIB

Knight repurchase for cancellation on December 21: 2,999,497 shares at @5,10$.

Just speculation but it could be the final portion of the shares owned by Medison? The extract below was in a press release of GUD on November 19, 2019 and the four year period for Medison to divest is almost over since the separation agreement closed in March 2020:

In addition, the parties agreed to release each other from all claims and withdraw all legal proceedings initiated by both parties.  Finally, Medison, which together with its affiliates own approximately 10,400,000 shares or 7.5% of Knight, agreed to a four-year standstill commitment and will divest its position in Knight during this period. This separation agreement is expected to close in the first half of 2020.
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