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* THERAPIX BIOSCIENCES LTD - TERMS OF LOI WILL BE SUPERSEDED BY A DEFINITIVE AGREEMENT, WHICH PARTIES INTEND TO EXECUTE WITHIN 30 DAY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