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InsideArbitrage Potential Deal: Titan Medical (TMDI) Announces Commencement of Strategic Review Process

  • December 1, 2022

POTENTIAL DEAL DETAILS

StockTitan Medical Inc.SymbolTMDI
Date Announced11/30/2022Source Press Release
TypeCompany Seeking Strategic Alternatives

Titan Medical Inc. (TMDI), a medical technology company focused on single-access robotic-assisted surgery (RAS), announced that its Board of Directors has determined that it is in the best interest of the company and its stakeholders to undertake a review and evaluation of strategic alternatives that may be available to the Company to unlock shareholder value.

Update(s):

December 8, 2022: Titan Medical Inc. (TMDI), announced that in view of the commencement of the strategic review process announced on November 30, 2022, the special meeting of its shareholders scheduled for January 12, 2023 will be suspended and, if appropriate and necessary, rescheduled to a future date.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.