Alternative Liquidity Index Offers To Acquire up to 10M Shares of Sinovac Biotech for $0.03/Share in Cash
Portfolio Pulse from Benzinga Newsdesk
Alternative Liquidity Index LP has made an unsolicited partial tender offer to acquire up to 10 million shares of Sinovac Biotech Ltd. (NASDAQ:SVA), representing about 10.05% of the company's outstanding shares, for $0.03 per share in cash.
August 29, 2023 | 7:17 am
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Sinovac Biotech Ltd. has received an unsolicited offer from Alternative Liquidity Index LP to buy up to 10 million shares at $0.03 per share.
The news of the unsolicited offer could create uncertainty among investors, potentially impacting the stock's price. However, it's unclear whether the offer will be accepted or if it will lead to a significant change in the company's ownership structure.
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