GreenLight Biosciences Enters Agreement To Be Acquired By Consortium Led By Fall Line Endurance Fund; All-Cash Transaction Valued At $45.5M
Portfolio Pulse from Benzinga Newsdesk
GreenLight Biosciences has entered into an agreement to be acquired by a consortium led by Fall Line Endurance Fund in an all-cash transaction valued at $45.5 million.
May 30, 2023 | 11:03 am
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GreenLight Biosciences is set to be acquired by a consortium led by Fall Line Endurance Fund in a $45.5 million all-cash transaction.
The acquisition of GreenLight Biosciences by the consortium led by Fall Line Endurance Fund is a significant event for the company. The all-cash transaction valued at $45.5 million is likely to have a positive impact on GRNA's stock price in the short term, as it represents a substantial investment in the company and its future growth potential. The deal also indicates confidence in GreenLight Biosciences' business and technology by the consortium.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100