Lumos Pharma Enters Into Go Private Agreement With Double Point Ventures For Tender Offer Of $4.25 Cash Per Share
Portfolio Pulse from Benzinga Newsdesk
Lumos Pharma has entered into a go-private agreement with Double Point Ventures, offering $4.25 cash per share in a tender offer.
October 23, 2024 | 12:03 pm
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Lumos Pharma has agreed to a go-private transaction with Double Point Ventures, offering shareholders $4.25 per share in cash. This move is likely to stabilize or increase the stock price in the short term as the offer provides a premium to current market prices.
The go-private agreement typically results in a premium over the current market price, which can lead to a short-term increase in stock price as investors react to the offer. The certainty of cash per share also provides stability.
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