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$CGNT will convert into common shares all outstanding debt and accrued interest owed to its director Lewis Pell of $29.5MM. Debt owed by $CGNT to Pell will be converted into $CGNT stock at $1.67 immediately before closing the Accelmed deal. The deal also provides that all outstanding warrants to purchase $CGNT stock held by Pell will be cancelled.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.