Avid Bioservices to be acquired by GHO and Ampersand for about $1.1 bln
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Avid Bioservices has agreed to be acquired by GHO Capital Partners and Ampersand Capital Partners for approximately $1.1 billion.
November 06, 2024 | 11:30 pm
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Avid Bioservices is set to be acquired by GHO Capital Partners and Ampersand Capital Partners for $1.1 billion.
The acquisition of Avid Bioservices by GHO and Ampersand is likely to have a positive impact on the stock price due to the premium typically associated with acquisition deals. The deal's valuation at $1.1 billion suggests a significant investment and confidence in Avid's business model.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100