Paratek Pharmaceuticals To Be Acquired by Gurnet Point Capital And Novo Holdings For $3/Share Including Upfront Payment Of $2.15/Share; Total Transaction Consideration Of Up To ~$462M
Portfolio Pulse from Benzinga Newsdesk
Paratek Pharmaceuticals is set to be acquired by Gurnet Point Capital and Novo Holdings for $3/share, including an upfront payment of $2.15/share. The total transaction consideration is up to approximately $462 million.
June 06, 2023 | 1:10 pm
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Paratek Pharmaceuticals will be acquired by Gurnet Point Capital and Novo Holdings for $3/share, with a total transaction value of up to ~$462M.
The acquisition of Paratek Pharmaceuticals by Gurnet Point Capital and Novo Holdings at $3/share, including an upfront payment of $2.15/share, is a significant event for the company. The total transaction value of up to ~$462 million indicates a positive impact on the stock price in the short term, as it represents a premium to the current market price.
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