04:18 PM EST, 03/08/2024 (MT Newswires) -- Neighbourly Pharmacy Inc. ( NBLYF ) , Canada's largest and fastest growing network of independent pharmacies, announced Friday that at the company's special meeting of its shareholders, an overwhelming majority of shareholders voted in favour of the special resolution approving the previously announced statutory plan of arrangement involving the company and T.I.D. Acquisition Corp., a newly-formed entity controlled by Persistence Capital Partners (PCP).

According to a company statement, the purchaser will acquire all of the issued and outstanding common shares in the capital of the company, other than those common shares already owned by PCP or its affiliates, for $18.50 per common share in cash plus one contingent value right (CVR) per common share, which will entitle the holder to an additional cash payment of $0.61 per CVR if the company's Pro-Forma Adjusted EBITDA for the 2026 fiscal year is at or above $128 million.

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