Sunday, MEI Pharma Did Not Obtain Necessary Stockholder Votes To Approve The Merger Agreement With Infinity Pharmaceuticals; Accordingly, MEI Has Sent Infinity A Notice Terminating The Merger Agreement
Portfolio Pulse from Benzinga Newsdesk
MEI Pharma did not receive the necessary stockholder votes to approve the merger agreement with Infinity Pharmaceuticals. As a result, MEI has sent Infinity a notice terminating the merger agreement.
July 24, 2023 | 8:37 am
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NEGATIVE IMPACT
Infinity Pharmaceuticals' merger agreement with MEI Pharma was terminated due to insufficient MEI stockholder votes.
The termination of the merger agreement could negatively impact Infinity Pharmaceuticals' stock price in the short term as it indicates a potential setback in the company's growth strategy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MEI Pharma's merger agreement with Infinity Pharmaceuticals was terminated due to insufficient stockholder votes.
The termination of the merger agreement could negatively impact MEI Pharma's stock price in the short term as it indicates a lack of stockholder support for the company's strategic decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100