Singular Genomics Systems Receives Non-Binding Proposal From Deerfield Management To Acquire All Singular Stock It Does Not Already Own For $10/Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Singular Genomics Systems has received a non-binding proposal from Deerfield Management to acquire all remaining shares of Singular stock for $10 per share in cash.
September 12, 2024 | 8:32 pm
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POSITIVE IMPACT
Singular Genomics Systems (OMIC) has received a non-binding acquisition proposal from Deerfield Management to buy all remaining shares for $10 each.
The proposal from Deerfield Management to acquire all remaining shares of Singular Genomics Systems at $10 per share is likely to positively impact the stock price in the short term as it represents a premium offer. The non-binding nature of the proposal introduces some uncertainty, but the market may react positively to the potential acquisition.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100