Liminal BioSciences shares are trading higher after the company announced it entered into an arrangement agreement with Structured Alpha LP. Liminal minority shareholders are to receive $8.50 in cash per share in "go private" transaction
Portfolio Pulse from Benzinga Newsdesk
Liminal BioSciences has entered into an arrangement agreement with Structured Alpha LP, where Liminal's minority shareholders will receive $8.50 in cash per share in a 'go private' transaction. This has led to a rise in Liminal's share price.
July 12, 2023 | 12:33 pm
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Liminal BioSciences' shares are trading higher after the company announced a 'go private' deal with Structured Alpha LP, offering $8.50 per share to minority shareholders.
The announcement of the 'go private' deal with Structured Alpha LP, which offers a cash payout to minority shareholders, has created a positive sentiment around Liminal BioSciences' stock. This has led to an increase in the company's share price in the short term.
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