CoreLogic to Acquire Symbility Solutions
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Symbility's board of directors (the "Board"), after receiving the unanimous recommendation of a strategic committee of the board comprised solely of independent directors (the "Strategic Committee"), and in consultation with its financial and legal advisors, has unanimously determined that the Transaction is in the best interests of Symbility and fair to Securityholders and is unanimously recommending that Securityholders vote in favour of the Transaction.
The Transaction will be carried out by way of a statutory plan of arrangement under the laws of
The Agreement is subject to customary non-solicitation provisions, including Symbility's right to consider and accept unsolicited superior proposals that may be submitted by third parties. In the event of a superior proposal,
About Symbility
Symbility believes in creating world-class experiences that simplify business and improve lives. With a history in modernizing insurance claims solutions for the property and health industries, Symbility has established itself as a partner that puts security, efficiency and customer experience first. Symbility PROPERTY™ brings smarter thinking to property insurance. Our strategic services team, Symbility INTERSECT™ empowers a variety of businesses with smarter mobile and IoT product development strategy, design thinking and engineering excellence. We push industries forward and prove that change for the better is entirely possible. For more information, please visit www.symbilitysolutions.com.
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CAUTION REGARDING FORWARD-LOOKING INFORMATION
This press release may contain forward-looking statements with respect to the Company, its products and operations and the contemplated financing. These statements generally can be identified by use of forward looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of the Company discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulations, and the factors described under "Risk Factors" in the Management's Discussion and Analysis and Annual Information Form of the Company which are available at www.sedar.com. The cautionary statements qualify all forward-looking statements attributable to the Company and persons acting on their behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and the Company has no obligation to update such statements.
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