Symetryx Corp. Announced A Non-Binding Proposal To Acquire Check-Cap For $4.35 Per Share
Jul 18, 2023•over 2 years ago
Acquiring Company
Symetryx
Acquired Company
Check-Cap
Health DiagnosticsMedical DeviceMedicalBiotechnologyHealth Care
Description
Today, Symetryx Corporation ("Symetryx") announced a non-binding proposal to acquire Check-Cap LTD (NASDAQ: CHEK) ("Check") for $4.35 per share in cash.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed