MediPacific Offering $2.13 Per Share Plus One Contingent Value Right Per Share In Tender Offer For Pardes Biosciences
Portfolio Pulse from Happy Mohamed
MediPacific is making a tender offer for Pardes Biosciences at $2.13 per share, plus one Contingent Value Right per share. The offer is subject to acceptance by Pardes Biosciences shareholders.
August 28, 2023 | 3:34 pm
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Pardes Biosciences has received a tender offer from MediPacific at $2.13 per share, plus one Contingent Value Right per share. The offer could potentially increase the value of PRDS shares.
The tender offer from MediPacific could potentially increase the value of Pardes Biosciences shares. This is because the offer price is usually higher than the current market price, which could lead to an increase in the share price. However, the final impact will depend on the acceptance of the offer by Pardes Biosciences shareholders.
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