Better Choice Company To Acquire SRx Health For ~$125M In all-Stock Transaction; SRx Founders, Management, Board, And Insiders To Own 75%+ And Better Choice Shareholders To Own 15% Of Combined Company At Closing
Portfolio Pulse from Benzinga Newsdesk
Better Choice Company is set to acquire SRx Health in an all-stock transaction valued at approximately $125 million. Post-acquisition, SRx's founders, management, board, and insiders will own over 75% of the combined company, while Better Choice shareholders will hold 15%.
September 03, 2024 | 12:32 pm
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Better Choice Company is acquiring SRx Health for $125M in an all-stock deal. Post-acquisition, SRx insiders will own a majority stake, reducing Better Choice shareholders' ownership to 15%.
The acquisition of SRx Health by Better Choice Company is a significant strategic move, potentially increasing BTTR's market presence and capabilities. However, the dilution of current shareholders' ownership to 15% may concern some investors. The overall impact is likely positive due to the strategic benefits of the acquisition.
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