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Symetryx Corp. Announced A Non-Binding Proposal To Acquire Check-Cap For $4.35 Per Share

Jul 18, 2023over 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.

Company Information

Company

Symetryx

M&A Insights

Based on deal data
Integration 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