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Babylon Says That After A Thorough Exploration Of Strategic Alternatives, The Company Has Selected The Previously Announced Take Private Proposal From AlbaCore Capital And MindMaze Group

Author: Benzinga Newsdesk | June 23, 2023 06:58am

The Proposed Transaction will not provide for any payment to the Company’s Class A ordinary shareholders or other equity instrument holders, as AlbaCore will be exercising rights under its debt agreements with the Company, and the Proposed Transaction would transition the go-forward business to private ownership by transferring core operating subsidiaries of the Company to MindMaze. The Company’s Class A ordinary shares will cease trading on the New York Stock Exchange under the ticker symbol “BBLN”.

Posted In: BBLN


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