Kezar Receives Unsolicited Non-Binding Acquisition Proposal From Concentra Biosciences For $1.10 Per Share In Cash Plus Contingent Value Right; Kezar Board To Evaluate Proposal In Best Interest Of Shareholders
Portfolio Pulse from Benzinga Newsdesk
Kezar Life Sciences has received an unsolicited non-binding acquisition proposal from Concentra Biosciences, offering $1.10 per share in cash plus a contingent value right. The Kezar board will evaluate the proposal to determine the best course of action for shareholders.
October 10, 2024 | 12:34 pm
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Kezar Life Sciences has received an acquisition proposal from Concentra Biosciences at $1.10 per share in cash plus a contingent value right. The board is set to evaluate the proposal.
The acquisition proposal from Concentra Biosciences is likely to positively impact Kezar's stock price in the short term as it offers a premium over the current market price. The board's evaluation will be crucial in determining the final outcome.
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