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0 0 0.00309597523219821 -0.00153250773993808 0 -0.00154798761609904 -0.00154798761609904 0.00154798761609918
Stock impact report

Freeline Shareholders Approve Acquisition by Syncona [Yahoo! Finance]

Freeline Therapeutics Holdings plc - ADSs (FRLN) 
Company Research Source: Yahoo! Finance
that Freeline's shareholders have approved the proposal for Bidco 1354 Limited (“Bidco”), a wholly owned subsidiary of Syncona Portfolio Limited (“Syncona Portfolio”), to acquire all shares of Freeline not currently owned by Syncona Portfolio for $6.50 per American Depositary Share (“ADS”) in cash (the “Acquisition”). As previously announced, Freeline and Bidco entered into an implementation agreement on November 22, 2023 to implement the Acquisition by means of a scheme of arrangement pursuant to Part 26 of the UK Companies Act 2006 (the “Scheme”). Voting results of the Court Meeting and General Meeting At the Court Meeting, a majority in number of Scheme Shareholders who voted (either in person or by proxy) and who together represented 95.74 percent in value of all Scheme Shares voted by such Scheme Shareholders, voted in favor of the resolution to approve the Scheme. The resolution was accordingly passed. At the General Meeting, 98.08 percent of votes were cast in favor of th Show less Read more
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