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XTL Biopharmaceuticals Ltd. (XTLB) announced an update regarding the Company's activities in seeking to acquire potential assets or to identify a company to merge into or with XTL.
The Company is currently evaluating several merger proposals that have been presented to it by both US and foreign-based companies who operate in and outside of the healthcare space. These discussions are preliminary in nature, and consequently, the timing of and ability to consummate such a transaction cannot be predicted at this time, and the Company may still decide that the distribution of its remaining assets to the shareholders in a liquidation offers the best possible alternative to the shareholders.
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