ANI Pharma to Snap Alimera Sciences Valuing The Target Company at $381M
Portfolio Pulse from Benzinga Newsdesk
ANI Pharmaceuticals (NASDAQ:ANIP) will acquire Alimera Sciences (NASDAQ:ALIM) for $5.50 per share in cash and a contingent value right (CVR) of up to $0.50 per share, valuing Alimera at $381 million. The deal is expected to close in Q3 2024.
June 24, 2024 | 10:55 am
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Alimera Sciences will be acquired by ANI Pharmaceuticals for $381 million, providing shareholders $5.50 per share in cash and a CVR of up to $0.50 per share. The deal is expected to close in Q3 2024.
The acquisition provides a premium to Alimera's shareholders, likely leading to a short-term increase in ALIM's stock price as the market reacts to the buyout offer.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
ANI Pharmaceuticals will acquire Alimera Sciences for $381 million, enhancing its portfolio with Alimera's ophthalmic products. The deal is expected to close in Q3 2024.
The acquisition will likely strengthen ANI's product offerings and market position in the ophthalmic sector, potentially driving short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100