Liminal BioSciences Enters Arrangement Agreement With Structured Alpha LP; Minority Shareholders To Receive $8.50 In Cash Per Share In "Go Private" Transaction
Portfolio Pulse from Benzinga Newsdesk
Liminal BioSciences has entered an arrangement agreement with Structured Alpha LP (SALP) in a 'Go Private' transaction. SALP will acquire all of the issued and outstanding common shares of Liminal BioSciences that it does not already own. Minority shareholders will receive $8.50 in cash per share.
July 12, 2023 | 11:33 am
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Liminal BioSciences is going private in a transaction with SALP. Minority shareholders will receive $8.50 per share.
The news directly pertains to Liminal BioSciences as it is going private in a transaction with SALP. This is a significant event for the company and its shareholders, especially the minority shareholders who will receive $8.50 per share. However, the short-term price direction is neutral as the stock will no longer be publicly traded.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100