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Wednesday, 10/24/2018 7:07:28 AM

Wednesday, October 24, 2018 7:07:28 AM

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BRIEF-THERAPIX BIOSCIENCES SIGNS BINDING LOI TO BE ACQUIRED BY FSD PHARMA

LESS THAN 1 MINUTE AGO BY

Oct 24 (Reuters) - Therapix Biosciences Ltd:
* 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* THERAPIX BIOSCIENCES LTD - TERMS OF LOI WILL BE SUPERSEDED BY A DEFINITIVE AGREEMENT, WHICH PARTIES INTEND TO EXECUTE WITHIN 30 DAY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 Source text for Eikon: Further company coverage:

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