TORONTO, Dec. 18, 2023 /CNW/ - Neighbourly Pharmacy Inc. ("Neighbourly" or the "Company") (TSX: NBLY), Canada's largest and fastest growing network of independent pharmacies, today announced that it has received from Persistence Capital Partners ("PCP") a revised letter of intent pursuant to which PCP or one of its affiliates would purchase all of the issued and outstanding common shares (the "Common Shares") in the capital of the Company, other than those Common Shares owned by PCP or its affiliates, at a purchase price of $18.50 per Common Share, payable in cash (the "Revised Proposal"). PCP has indicated that the Revised Proposal is the purchase price that its equity financing sources support. The Revised Proposal represents a decrease to the previously proposed (the "Original Proposal") purchase price of $20.50 per Common Share provided for in the letter of intent entered into on October 2, 2023.
Read more at newswire.caNeighbourly Provides Update on Proposal from Persistence Capital Partners
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