Carebook Technologies Inc (TSE:CRBK) has released an update.
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Carebook Technologies Inc. has agreed to be acquired by its majority shareholder, UIL Limited, for $0.10 per share, which is a 122% premium over its last trading price. The board has unanimously supported the transaction, which aims to provide liquidity to shareholders and allow Carebook to pursue its strategic goals as a private entity.
For further insights into TSE:CRBK stock, check out TipRanks’ Stock Analysis page.