The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Sep. 19, 8:19 AM

Slide #16. Choom Holdings Inc. Phivida Holdings Inc.

Acquirer: Choom Holdings Inc. (CHOOF)
Acquiree: Phivida Holdings Inc.
Details: Choom Holdings Inc. (CSE: CHOO)(OTCQB: CHOOF) ("Choom") and Phivida Holdings Inc. (CSE: VIDA) ("Phivida") are pleased to announce the completion of the acquisition of Phivida by Choom, originally announced on June 3, 2020, pursuant to a court-approved plan of arrangement (the "Plan of Arrangement"). The Plan of Arrangement was implemented pursuant to the terms and conditions of an arrangement agreement dated June 2, 2020 between Choom and Phivida (as amended), and has resulted in the acquisition by Choom of all of the issued and outstanding shares of Phivida (the "Phivida Shares") in exchange for consideration of 0.72566 of a common share of Choom (each full share, a "Choom Share") for each Phivida Share (the "Exchange Ratio"). In connection with the Plan of Arrangement, Peter Simeon, a director of Phivida, joined the board of directors of Choom.

  Choom Holdings Inc. : CHOOF
  Phivida Holdings Inc.: PRIVATE

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