Guardion Health Sciences' Largest Stockholder Has Voted In Favor Of Proposals To Sell The Viactiv Business And The Liquidation Plan At The Company's Special Meeting Of Stockholders On May 23, 2024
Portfolio Pulse from Benzinga Newsdesk
Guardion Health Sciences' largest stockholder has voted in favor of proposals to sell the Viactiv business and the liquidation plan at the company's special meeting of stockholders on May 23, 2024. The company estimates potential liquidating distributions to range from $9.00 to $11.00 per share if stockholders approve the sale and liquidation plan.
May 21, 2024 | 12:07 pm
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Guardion Health Sciences' largest stockholder has voted in favor of selling the Viactiv business and the liquidation plan. If approved, liquidating distributions could range from $9.00 to $11.00 per share.
The approval from the largest stockholder significantly increases the likelihood of the sale and liquidation plan being approved. This could result in a substantial distribution to shareholders, positively impacting the stock price in the short term.
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IMPORTANCE 90
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