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BRIEF-Therapix Biosciences Signs Binding LOI To Be Acquired By FSD Pharma

Published 2018-10-24, 06:28 a/m
© Reuters.  BRIEF-Therapix Biosciences Signs Binding LOI To Be Acquired By FSD Pharma
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Oct 24 (Reuters) - Therapix Biosciences Ltd TRPX.O :

* THERAPIX BIOSCIENCES SIGNS BINDING LOI TO BE ACQUIRED BY FSD PHARMA FOR $48 MILLION, TO CREATE MEDICAL CANNABIS INDUSTRY INNOVATOR

* THERAPIX BIOSCIENCES LTD - ALL-STOCK TRANSACTION

* THERAPIX BIOSCIENCES LTD - TERMS OF LOI WILL BE SUPERSEDED BY A DEFINITIVE AGREEMENT, WHICH PARTIES INTEND TO EXECUTE WITHIN 30 DAY

* THERAPIX BIOSCIENCES LTD - ALL-STOCK TRANSACTION VALUES THERAPIX BIOSCIENCES AT APPROXIMATELY $48 MILLION

* THERAPIX BIOSCIENCES LTD - SHAREHOLDERS OF THERAPIX WILL RECEIVE FSD STOCK UPON CLOSING OF TRANSACTION

* THERAPIX BIOSCIENCES LTD - TRANSACTION IS ANTICIPATED TO BE COMPLETED BY Q1 2019

* THERAPIX BIOSCIENCES LTD - TRANSACTION IS ANTICIPATED TO BE COMPLETED BY Q1 2019

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