Pharmacosmos Group To Acquire G1 Therapeutics, G1's Shareholders To Receive $7.15 Per Share In Cash For A Total Equity Value Of Approximately $405M
Portfolio Pulse from Benzinga Newsdesk
Pharmacosmos Group is set to acquire G1 Therapeutics, with G1's shareholders receiving $7.15 per share in cash, valuing the total equity at approximately $405 million.
August 07, 2024 | 10:35 am
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Pharmacosmos Group is acquiring G1 Therapeutics for $7.15 per share in cash, valuing the total equity at approximately $405 million. This acquisition is likely to positively impact G1 Therapeutics' stock price in the short term as shareholders will receive a premium.
The acquisition price of $7.15 per share represents a premium over the current trading price of G1 Therapeutics, which is likely to drive the stock price up in the short term as investors react to the news.
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