Seres Therapeutics Stockholders Approve Sale Of VOWST To Nestlé Health Science; Sale Expected To Close on September 30
Portfolio Pulse from Benzinga Newsdesk
Seres Therapeutics' stockholders have approved the sale of its VOWST business to Nestlé Health Science, with the transaction expected to close on September 30, 2024, pending customary conditions.
September 26, 2024 | 8:03 pm
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Seres Therapeutics' stockholders have approved the sale of its VOWST business to Nestlé Health Science. The transaction is expected to close on September 30, 2024, pending customary conditions.
The approval of the sale of VOWST to Nestlé Health Science is a significant corporate action for Seres Therapeutics. This could positively impact the stock price in the short term as it indicates a strategic move and potential capital influx. The transaction's completion is subject to customary conditions, but the approval is a positive step forward.
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IMPORTANCE 80
RELEVANCE 100