Symetryx Intends To Propose To Check Cap A Different Merger Candidate; Says As Of Sept 26, Withdraws And Terminates Non-binding Proposal Dated July 18, To Acquire Shares Of Check
Portfolio Pulse from Benzinga Newsdesk
Symetryx has withdrawn and terminated its non-binding proposal to acquire shares of Check Cap, as of September 26. Symetryx intends to propose a different merger candidate.
September 29, 2023 | 6:12 pm
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Check Cap's shares may be impacted by Symetryx's withdrawal of its acquisition proposal and its plan to propose a different merger candidate.
Symetryx's withdrawal of its proposal to acquire Check Cap's shares indicates a potential decrease in demand for the shares, which could lead to a decrease in the share price. Furthermore, the announcement of a different merger candidate could divert investor attention away from Check Cap, potentially leading to further downward pressure on the share price.
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IMPORTANCE 80
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