- Committed Debt Financing Secured; Exclusivity Extended to January 15, 2024 -
TORONTO, Nov. 13, 2023/CNW/ - Neighbourly Pharmacy Inc. ("Neighbourly" or the "Company") (TSX: NBLY), Canada's largest and fastest growing network of independent pharmacies, provides an update regarding the previously announced letter of intent entered into with an affiliate of Persistence Capital Partners (collectively, and together with their affiliated funds, "PCP"), in respect of a transaction (the "Proposed Transaction") whereby a newly-formed entity controlled by PCP would acquire all of the common shares (the "Common Shares") in the capital of the Company, other than those Common Shares already owned by PCP or its affiliates, at a purchase price of $20.50 per Share, payable in cash.
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