BRIEF-Babylon Announces Plans To Become A Public Company Via $4.2 Billion Merger With Alkuri Global Acquisition Corp.

Reuters

Jun 03, 2021

June 3 (Reuters) - Alkuri Global Acquisition Corp :

* BABYLON, A WORLD LEADING, DIGITAL-FIRST, VALUE-BASED CARE COMPANY, ANNOUNCES PLANS TO BECOME A PUBLIC COMPANY VIA $4.2 BILLION MERGER WITH ALKURI GLOBAL ACQUISITION CORP.

* ALKURI GLOBAL ACQUISITION CORP - TRANSACTION IS EXPECTED TO DELIVER UP TO $575 MILLION OF GROSS PROCEEDS TO FUND BABYLON'S PRO FORMA BALANCE SHEET

* ALKURI GLOBAL ACQUISITION CORP - BABYLON FOUNDER AND CEO ALI PARSA WILL BECOME CHAIRMAN AND CEO OF COMBINED ENTITY

* ALKURI GLOBAL ACQUISITION CORP - COMBINATION IS FURTHER SUPPORTED BY A $230 MILLION PRIVATE PLACEMENT

* ALKURI GLOBAL ACQUISITION CORP - ADDITIONAL PARTICIPATION IN DEAL FROM ALI PARSA, ALKURI SPONSOR LLC AND EXISTING BABYLON INVESTORS KINNEVIK AND VNV

* ALKURI GLOBAL ACQUISITION CORP - AGREEMENT IS EXPECTED TO REDUCE BABYLON'S CASH NEEDS BY APPROXIMATELY $40 MILLION.

* ALKURI GLOBAL ACQUISITION CORP - AN ALKURI GLOBAL REPRESENTATIVE WILL JOIN BABYLON BOARD OF DIRECTORS

* ALKURI GLOBAL ACQUISITION CORP - EXISTING BABYLON SHAREHOLDERS WILL ROLL 100% OF EQUITY INTO COMBINED CO & WILL OWN ABOUT 84% OF PRO FORMA CO AT CLOSING

* ALKURI GLOBAL ACQUISITION CORP - FOLLOWING CLOSING OF PROPOSED BUSINESS COMBINATION, BABYLON WILL RETAIN ITS EXPERIENCED MANAGEMENT TEAM

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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WILL OWN ABOUT 84% OF PRO FORMA CO AT CLOSING</p><p>   * ALKURI GLOBAL ACQUISITION CORP - FOLLOWING CLOSING OF PROPOSED BUSINESS COMBINATION, BABYLON WILL RETAIN ITS EXPERIENCED MANAGEMENT TEAM</p><p>Source text for Eikon:   Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00626","symbol_name":"大众金融控股","start_time":0,"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2140424097","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2140424097","pubTimestamp":1622727694,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"June 3 (Reuters) - Alkuri Global Acquisition Corp   :   * BABYLON, A WORLD LEADING, DIGITAL-FIRST, V","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00626":"大众金融控股","KURIU":"Alkuri Global Acquisition Corp."},"translate_title":"Babylon宣布计划以42亿美元与Alkuri Global Acquisition Corp.合并成为一家上市公司。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KURIU":1,"00626":1,"KURI":1},"content_text":"June 3 (Reuters) - Alkuri Global Acquisition Corp   :   * BABYLON, A WORLD LEADING, DIGITAL-FIRST, VALUE-BASED CARE COMPANY, ANNOUNCES PLANS TO BECOME A PUBLIC COMPANY VIA $4.2 BILLION MERGER WITH ALKURI GLOBAL ACQUISITION CORP.   * ALKURI GLOBAL ACQUISITION CORP - TRANSACTION IS EXPECTED TO DELIVER UP TO $575 MILLION OF GROSS PROCEEDS TO FUND BABYLON'S PRO FORMA BALANCE SHEET   * ALKURI GLOBAL ACQUISITION CORP - BABYLON FOUNDER AND CEO ALI PARSA WILL BECOME CHAIRMAN AND CEO OF COMBINED ENTITY   * ALKURI GLOBAL ACQUISITION CORP - COMBINATION IS FURTHER SUPPORTED BY A $230 MILLION PRIVATE PLACEMENT   * ALKURI GLOBAL ACQUISITION CORP - ADDITIONAL PARTICIPATION IN DEAL FROM ALI PARSA, ALKURI SPONSOR LLC AND EXISTING BABYLON INVESTORS KINNEVIK AND VNV   * ALKURI GLOBAL ACQUISITION CORP - AGREEMENT IS EXPECTED TO REDUCE BABYLON'S CASH NEEDS BY APPROXIMATELY $40 MILLION.   * ALKURI GLOBAL ACQUISITION CORP - AN ALKURI GLOBAL REPRESENTATIVE WILL JOIN BABYLON BOARD OF DIRECTORS   * ALKURI GLOBAL ACQUISITION CORP - EXISTING BABYLON SHAREHOLDERS WILL ROLL 100% OF EQUITY INTO COMBINED CO & WILL OWN ABOUT 84% OF PRO FORMA CO AT CLOSING   * ALKURI GLOBAL ACQUISITION CORP - FOLLOWING CLOSING OF PROPOSED BUSINESS COMBINATION, BABYLON WILL RETAIN ITS EXPERIENCED MANAGEMENT TEAMSource text for Eikon:   Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}