Babylon Says That After A Thorough Exploration Of Strategic Alternatives, The Company Has Selected The Previously Announced Take Private Proposal From AlbaCore Capital And MindMaze Group
Portfolio Pulse from Benzinga Newsdesk
Babylon has chosen the take-private proposal from AlbaCore Capital and MindMaze Group, resulting in no payment to Class A ordinary shareholders. The company's Class A ordinary shares will cease trading on the NYSE under the ticker symbol BBLN.
June 23, 2023 | 10:58 am
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Babylon's Class A ordinary shares will cease trading on the NYSE under the ticker symbol BBLN due to the take-private proposal from AlbaCore Capital and MindMaze Group.
The take-private proposal from AlbaCore Capital and MindMaze Group will result in Babylon's Class A ordinary shares ceasing to trade on the NYSE under the ticker symbol BBLN. This will negatively impact the stock price as shareholders will not receive any payment.
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