Better's special committee drops challenge to consent solicitation report
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Better Home & Finance Holding Company (NASDAQ: BETR) announced that its Special Committee of the Board of Directors has withdrawn its challenge to the preliminary report of the independent inspector of elections regarding a consent solicitation initiated by Vishal Garg and other participants.
According to a press release, the Special Committee said it made the decision in the best interests of the company and its stockholders, citing the costs and uncertainty of a prolonged contest.
The Special Committee also issued a statement wishing the company's employees well and expressing hope that the company would thrive.
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