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Crescita Therapeutics Inc. announces closing of arrangement

Created at 3 Jun · 10:30 PM1 source↑ Market-relevant
IN SHORT

Crescita Therapeutics Inc. has closed its plan of arrangement with ClinActiv Holdings Inc. Shareholders will receive $0.80 per share in cash consideration. Crescita will cease to be a publicly traded company.

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Key Numbers

$0.80cash consideration per share

Who's Involved

Crescita Therapeutics Inc.
Company whose shares were acquired
ClinActiv Holdings Inc.
Acquiring entity
Purchaser
Wholly-owned subsidiary of ClinActiv that acquired Crescita shares

↳ Why This Matters

The transaction marks the end of Crescita Therapeutics Inc.'s status as a publicly traded company, with its shareholders receiving a cash payout.

Key facts

  • Crescita Therapeutics Inc. has closed its plan of arrangement with ClinActiv Holdings Inc.
  • ClinActiv's subsidiary acquired all issued and outstanding common shares of Crescita.
  • Shareholders will receive $0.80 per share in cash consideration.
  • Crescita Therapeutics Inc. will cease to be a publicly traded company.

LAVAL, Québec -- Crescita Therapeutics Inc. announced the closing of its previously announced plan of arrangement with ClinActiv Holdings Inc. and its wholly-owned subsidiary, the Purchaser. The Purchaser acquired all issued and outstanding common shares of Crescita in exchange for cash consideration of $0.80 per share. Crescita Therapeutics Inc. trades on the TSX under the symbol CTX and over-the-counter in the US under the symbol CRRTF.

Frequently asked questions

The acquisition price was $0.80 per share in cash.

ClinActiv Holdings Inc., through its wholly-owned subsidiary, acquired Crescita Therapeutics Inc.

Crescita Therapeutics Inc. trades on the TSX under CTX and over-the-counter in the US under CRRTF.

What Happens Next

01Crescita Therapeutics Inc. will cease to be a publicly traded company.

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How It Developed

3 Jun · 10:12 PM
Crescita Therapeutics Inc. announced the closing of its arrangement with ClinActiv Holdings Inc., where the Purchaser acquired all outstanding shares for $0.80 per share.
Financial Post via PiQSuite

Sources

T1
Crescita Therapeutics Inc. Announces Closing of Arrangementm.piqsuite.com

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