ATS Enters Definitive Agreement To Acquire Avidity Science, LLC For $195M
Portfolio Pulse from Benzinga Newsdesk
ATS has entered a definitive agreement to acquire Avidity Science, LLC for $195 million. The company expects $1.5 million of cost and commercial synergies by year 3, and $2.6 million by year 5.
September 22, 2023 | 11:04 am
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ATS is acquiring Avidity Science, LLC for $195 million. This could lead to cost and commercial synergies of $1.5 million by year 3, and $2.6 million by year 5.
The acquisition of Avidity Science by ATS is a significant move that could lead to cost and commercial synergies. This could potentially increase the company's profitability in the long run, making it a positive development for the company's stock.
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