Neighbourly Shareholders Approve Buyout Deal

Neighbourly Pharmacy, Inc. (TSE:NBLY) has released an update.

Neighbourly Pharmacy, Inc. received strong shareholder support for its go-private deal with Persistence Capital Partners, with 98.08% of voting shareholders backing the transaction. The arrangement will allow the purchaser to buy all outstanding shares for $18.50 each, plus a contingent value right that could add $0.61 per share, depending on future EBITDA performance. The deal is subject to court approval, with expectations to finalize by mid-March 2024.

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