Alfasigma S.p.A. Announces Expiration Of Hart-Scott-Rodino Waiting Period In Connection With Pending Acquisition Of Intercept Pharmaceuticals, Inc.
Portfolio Pulse from Benzinga Newsdesk
Alfasigma S.p.A. has announced the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period for its proposed acquisition of Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT). This satisfies one of the conditions for the tender offer. Other conditions, including a minimum tender of a majority of outstanding Intercept common stock, remain to be satisfied. The offer and withdrawal rights will expire on November 8, 2023.
October 26, 2023 | 1:09 pm
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The expiration of the HSR Act waiting period is a positive step towards Alfasigma's acquisition of Intercept Pharmaceuticals. However, other conditions, including a minimum tender of a majority of outstanding Intercept common stock, remain to be satisfied.
The expiration of the HSR Act waiting period is a significant step towards the completion of the acquisition. This could potentially lead to a positive impact on Intercept's stock as it brings the company closer to being acquired. However, the remaining conditions could still pose a risk to the completion of the acquisition.
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