Bayview Acquisition Enters Merger Agreement With Oabay Inc.; As A Result Of The Mergers, Oabay Shareholders Will Receive Ordinary Shares Of PubCo, Valued At $300M
Portfolio Pulse from Benzinga Newsdesk
Bayview Acquisition has entered into a merger agreement with Oabay Inc. As a result of the mergers, Oabay shareholders will receive ordinary shares of PubCo valued at $300 million. The transaction involves multiple mergers, ultimately making Oabay a wholly-owned subsidiary of PubCo.
June 07, 2024 | 9:16 pm
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Bayview Acquisition (BAYA) has entered into a merger agreement with Oabay Inc. The transaction will result in Oabay shareholders receiving PubCo shares valued at $300 million. This series of mergers will make Oabay a wholly-owned subsidiary of PubCo.
The merger agreement is a significant event for Bayview Acquisition (BAYA), as it involves a substantial transaction valued at $300 million. The completion of the mergers will likely have a positive impact on BAYA's stock price in the short term due to the potential growth and synergies from the acquisition.
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