BUZZ-Anebulo rises as it weighs going-private deal after getting fresh options
Reuters
Sep 12
BUZZ-Anebulo rises as it weighs going-private deal after getting fresh options
** Shares of drug developer Anebulo Pharmaceuticals ANEB.O rise 16.9% to $2.35 in early morning trading
** Anebulo Pharmaceuticals says it is still considering a plan to go private after it first announced it in July 2025, but has also received interest from possible buyers and partners
** The company's board will review different options to maximize shareholder value, including the going-private deal with a reverse stock split, a potential sale of its assets, or a merger, the company says
** As of last close, ANEB was down 19.6% YTD
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.