Announced
Financials
Sources
Tags
Friendly
United States
Majority
Acquisition
Single Bidder
Domestic
Biotechnology
therapeutics
Pending
biotechnology
pharmaceutical
Private Equity
Public
Synopsis
Concentra, a health care company, agreed to acquire Jounce Therapeutics, a biotechnology company, for $96m. Pursuant and subject to the terms of the merger agreement, a subsidiary of Concentra will commence a tender offer by April 7, 2023 to acquire all outstanding shares of Jounce for $1.85 in cash per share at closing plus a non-tradeable CVR representing the right to receive 80% of the net proceeds payable for a period of ten years post-closing from any license or disposition of Jounce’s programs effected within two years of closing and 100% of the potential aggregate value of certain specified potential cost savings.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.