Corporate action in IPOX 100 U.S.(IPXO) index – LVGO/TDOC
LIVONGO HEALTH INC (LVGO UW) will be acquired by TELADOC HEALTH INC (TDOC UN).
Shareholders of LIVONGO HEALTH INC (LVGO UW) receive USD 11.33 & 0.592 TDOC UN shares per every share held.
At a special meeting to be held on October 29, 2020, the shareholders of LIVONGO HEALTH INC will vote on the proposed merger with TELADOC HEALTH INC. The merger is tentatively scheduled to close prior to the market open on October 30, 2020. LIVONGO HEALTH INC is expected to be halted on October 30, 2020. Along with the merger consideration, the shareholders of record on October 29, 2020 will receive a special cash distribution of $7.09 per share.
LIVONGO HEALTH INC will be replaced by TELADOC HEALTH INC (TDOC.N / TDOC UN) in a weight-neutral transaction.
Effective Date (OPEN): 10/30/2020.