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Neighbourly Pharmacy Shareholders Approve Acquisition

Neighbourly Pharmacy Shareholders Approve Acquisition

Neighbourly Pharmacy, Inc. (TSE:NBLY) has released an update.

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Shareholders of Neighbourly Pharmacy Inc., Canada’s leading network of independent pharmacies, have overwhelmingly approved a private acquisition by Persistence Capital Partners. With 98.08% approval, shareholders support the arrangement for the sale of common shares at $18.50 each plus a contingent value right. The deal’s completion is subject to court approval and fulfillment of closing conditions, expected around March 15, 2024.

For further insights into TSE:NBLY stock, check out TipRanks’ Stock Analysis page.

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