MEI Pharma Board of Directors Rejects Unsolicited Proposal
MEI Pharma, Inc. (MEIP)
Last mei pharma, inc. earnings: 2/6 04:02 pm
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Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--MEI Pharma, Inc. (NASDAQ: MEIP) (the “Company”) today announced that its Board of Directors (the “Board”) reviewed and rejected the unsolicited and non-binding proposal received on May 23, 2023 from a group represented by Anson Advisors Inc. and Cable Car Capital LLC to acquire all outstanding shares of MEI for not less than $8.00 in cash per share, plus a contingent value right representing the right to receive 80% of the net proceeds payable from any license or disposition of the Company’s clinical assets.The Board, in consultation with the Company’s financial and legal advisors, concluded that the unsolicited proposal significantly undervalues the Company, is not superior to the proposed transaction with Infinity Pharmaceuticals, Inc. (“Infinity”) and does not provide a basis for discussions regarding an alternative transaction.The recommendation by the MEI Board to proceed with the pending Infinity transaction remains unchanged. MEI shareholders are
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News
- MEI Pharma Reports Third Quarter Fiscal Year 2024 Results and Operational Highlights [Yahoo! Finance]Yahoo! Finance
- MEI Pharma Reports Third Quarter Fiscal Year 2024 Results and Operational HighlightsBusiness Wire
- MEI Pharma, Inc. (NASDAQ: MEIP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- MEI Pharma, Inc. (NASDAQ: MEIP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- MEI Pharma, Inc. (NASDAQ: MEIP) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
MEIP
Earnings
- 5/9/24 - Beat
MEIP
Sec Filings
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- 2/29/24 - Form EFFECT
- MEIP's page on the SEC website