Foresite Capital Fund In Amended 13D Filing Late Tuesday Announced It Is Evaluating A Potential Acquisition Of All The Outstanding Shares Of The Co
Portfolio Pulse from Charles Gross
Foresite Capital Fund has disclosed in an amended 13D filing that it is considering the acquisition of all outstanding shares of Kinnate Biopharma Inc. (KNTE).
November 15, 2023 | 12:16 pm
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POSITIVE IMPACT
Foresite Capital Fund's potential acquisition of all outstanding shares of Kinnate Biopharma Inc. could lead to significant stock price movement.
The news of a potential acquisition typically leads to an increase in the stock price of the company being acquired due to the anticipation of a premium offer over the current market price. Investors may react positively, expecting a beneficial outcome for KNTE shareholders.
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