Enzo Biochem Reports Significant Progress Towards Completing The Clinical Lab Asset Sale; Special Meeting Of Shareholders Indicate That The Asset Sale Proposal Was Approved By The Affirmative Vote Of A Majority Of Enzo's Outstanding Common Stock
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Enzo Biochem (NYSE:ENZ) has received preliminary approval from shareholders for the sale of its Clinical Labs division's operating assets and assignment of certain liabilities. The company has met all regulatory requirements for the sale.
May 22, 2023 | 1:31 pm
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Enzo Biochem's asset sale of its Clinical Labs division has received preliminary shareholder approval, meeting all regulatory requirements.
The preliminary approval of the asset sale by shareholders and meeting all regulatory requirements is a positive development for Enzo Biochem. This will allow the company to advance its 'focused return' initiative and maximize shareholder value, which is likely to have a positive impact on the stock price in the short term.
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