Tilray, Privateer Holdings Close Merger Deal

Tilray Inc (NASDAQ: TLRY) said Friday that its merger with the private equity firm Privateer Holdings closed the previous day. 

All Privateer capital stock outstanding immediately before the effective time of the merger was canceled and converted to the right to receive the applicable portion of aggregate shares of Tilray Class 2 common stock and shares of Tilray Class 1 common stock issuable as consideration in merger. 

Tilray did not make any cash payment in connection with the merger, the company said. 

Each Privateer stockholder who acquired shares of Tilray stock in the merger is subject to a lockup allowing for the disposal of the shares only under specific conditions …

Full story available on Benzinga.com

More Tilray, Privateer Holdings Close Merger Deal