Magenta Therapeutics Completes Merger With Dianthus Therapeutics And Implements A 1-For-16 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Magenta Therapeutics has completed its merger with Dianthus Therapeutics and implemented a 1-for-16 reverse stock split.
September 11, 2023 | 3:37 pm
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Magenta Therapeutics has completed a merger with Dianthus Therapeutics and a 1-for-16 reverse stock split. This could potentially increase the value of individual shares.
The merger with Dianthus Therapeutics could potentially bring new assets and capabilities to Magenta Therapeutics. The 1-for-16 reverse stock split will reduce the number of outstanding shares, which could potentially increase the value of individual shares. However, the actual impact will depend on how the market reacts to these changes.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100