Neuronetics (STIM) and Greenbrook TMS said Friday they have received an interim order from the Ontario Superior Court of Justice, authorizing Greenbrook to hold a special meeting of its shareholders on Nov. 8.
Under their previous plan of arrangement, Neuronetics will buy Greenbrook's all issued and outstanding common shares in an all-stock deal, the companies added.
The arrangement is in the best interest of both companies as determined by their boards, the firms said.
Neuronetics shares were up 3% in recent Friday trading.
Price: 0.81, Change: +0.02, Percent Change: +3.04
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