M&A
confidence high
sentiment positive
materiality 0.60
Neuronetics receives interim court order for Greenbrook acquisition; shareholder meetings set for Nov 8
Neuronetics, Inc.
- Ontario court grants interim order for statutory plan of arrangement; Neuronetics to acquire Greenbrook in all-stock transaction.
- Each Greenbrook share exchanges for 0.01149 Neuronetics shares; combined ownership ~57% Neuronetics, 43% Greenbrook.
- Both special shareholder meetings scheduled for November 8, 2024, in virtual-only format.
- Greenbrook Board (unanimously) and Neuronetics Board recommend voting in favor of the arrangement.
- Approval requires 2/3 Greenbrook vote, majority excluding Madryn, and majority Neuronetics vote.