GreenLight Biosciences shares are trading higher after the company announced it entered into a definitive agreement to be acquired by a group of buyers led by Fall Line Capital in an all-cash transaction valuing the company at approximately $45.5 million.
Portfolio Pulse from Benzinga Newsdesk
GreenLight Biosciences is set to be acquired by a group of buyers led by Fall Line Capital in an all-cash transaction valuing the company at approximately $45.5 million.
May 30, 2023 | 1:33 pm
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GreenLight Biosciences' stock is trading higher after announcing a definitive agreement to be acquired for $45.5 million in an all-cash transaction.
GreenLight Biosciences' stock is likely to experience a short-term positive impact due to the announcement of the acquisition deal. The all-cash transaction at a valuation of $45.5 million is a significant event for the company and its shareholders, which is expected to drive the stock price higher in the short term.
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IMPORTANCE 100
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