Anson Funds And Cable Car Capital, Which Collectively Own 14.8% Of MEI Pharma, Inc., Have Issued A Statement In Response To The Rejection Of Their Acquisition Proposal To Acquire All Outstanding Shares Of MEIP For $8/Share
Portfolio Pulse from Happy Mohamed
Anson Funds and Cable Car Capital, which together own 14.8% of MEI Pharma, have had their acquisition proposal to acquire all outstanding shares of MEIP for $8/share rejected by the company's board of directors.
June 01, 2023 | 8:26 pm
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MEI Pharma's board rejected an acquisition proposal from Anson Funds and Cable Car Capital, which together own 14.8% of the company, to acquire all outstanding shares for $8/share.
The rejection of the acquisition proposal by MEI Pharma's board may lead to a short-term negative impact on the stock price, as the market may perceive this as a missed opportunity for shareholders to realize value. Additionally, the rejection could lead to uncertainty regarding the company's future plans and potential alternative offers.
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