Titan Medical (TSE:TMD) has released an update.
Titan Medical Inc. has received a favorable recommendation from Glass Lewis, a prominent proxy advisory firm, for shareholders to vote in favor of its amalgamation with Conavi Medical Inc. This endorsement, following a similar recommendation from Institutional Shareholder Services (ISS), highlights the strategic value and financial benefits of the proposed merger. The combination aims to provide shareholders with a restructured company and additional financial resources, enhancing Titan’s prospects.
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