Better Choice Company’s Strategic Acquisition of SRx Health Solutions

Better Choice Company ( (BTTR) ) just unveiled an announcement.

Better Choice Company, Inc., a Delaware corporation, has announced a significant all-stock transaction to acquire SRx Health Solutions, Inc. through an Arrangement Agreement. This strategic move, expected to close under Canadian law through an amalgamation process, will make SRx a wholly-owned subsidiary of Better Choice. The deal, subject to customary closing conditions and approvals, values SRx at $80 million and involves an adjustable exchange ratio for SRx shares based on Better Choice’s stock performance. This acquisition is unanimously supported by the boards of both companies and includes a voting agreement from SRx’s CEO to favor the amalgamation.

See more data about BTTR stock on TipRanks’ Stock Analysis page.