Symetryx Opposes CHEK-CAP/Keystone Merger, Will Evaluate Options To Stop Transaction
Portfolio Pulse from Benzinga Newsdesk
Symetryx Corporation has announced its opposition to the merger between CHECK-CAP Ltd. and Keystone Dental Holdings, Inc., stating it does not believe the transaction is in the best interest of Check-Cap shareholders. Symetryx has expressed concerns over Check-Cap's financial stability and the transparency of the Business Combination Agreement.
September 22, 2023 | 7:35 pm
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Symetryx's opposition to the merger between CHECK-CAP and Keystone Dental could potentially create uncertainty among shareholders, possibly affecting CHECK-CAP's stock price.
Symetryx's opposition to the merger could create uncertainty among CHECK-CAP's shareholders. This uncertainty could lead to a sell-off, potentially driving down the price of CHECK-CAP's stock in the short term.
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