Babylon Holdings Limited (BBLN) Issues Update on Take Private Proposal

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Go back to Babylon Holdings Limited (BBLN) Issues Update on Take Private Proposal

Babylon Announces Update on Take Private Proposal

June 23, 2023 6:00 AM EDT

AUSTIN, Texas & LONDON & LAUSANNE, Switzerland--(BUSINESS WIRE)-- After a thorough exploration of strategic alternatives, Babylon Holdings Limited (NYSE: BBLN) (including its subsidiaries, Babylon) is pleased to provide an update on the recapitalization transaction, previously announced on May 10, following receipt of a proposal from AlbaCore Capital LLP on behalf of certain of its affiliates (AlbaCore) and MindMaze Group SA (MindMaze), and share that Babylon has selected the previously announced take private proposal from the options considered.

The proposal strongly positions Babylon to accelerate its core mission to make high quality healthcare more accessible... More