Black Pearl completes tender offer for Selectis Health at $5.75 a share
GBCS•Tender offer completed at $5.75 per share
Black Pearl Equities completed a tender offer to buy all outstanding Selectis Health shares at $5.75 per share in cash.
The offer expired Aug. 31; 2,789,027 shares were tendered, representing about 90.93% of shares outstanding.
Black Pearl accepted the tendered shares for payment, with cash settlement expected promptly.
A follow-on merger is expected to cash out remaining shares at the same $5.75 per share.
Selectis is expected to become an indirect wholly owned subsidiary of Black Pearl once the merger closes.
