Shout out Bio Jim ACHN - 8k today, maybe opens the door to competing bids? (Edit) | Biotech Message Board Posts

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Msg  29415 of 31178  at  1/24/2020 6:22:48 PM  by

CHM_760

The following message was updated on 1/24/2020 6:27:21 PM.

 In response to msg 29414 by  minxmrphd
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Re: Shout out Bio Jim ACHN - 8k today, maybe opens the door to competing bids? (Edit)

 Saw this on Twitter:   Shares are trading at ~$7.00. Buyout offer was for $6.30/share + two $1.00/share CVRs.
 

Item 8.01 Other Events.

On January 24, 2020, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with respect to the pending acquisition (the “Merger”) of Achillion Pharmaceuticals, Inc. (“Achillion”) by Alexion Pharmaceuticals, Inc. (“Alexion”), pursuant to the Agreement and Plan of Merger, dated as of October 15, 2019, by and among Alexion, Achillion and Beagle Merger Sub, Inc., a wholly owned subsidiary of Alexion.

The early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the Merger. On December 19, 2019, Achillion’s stockholders voted to adopt the Merger Agreement at a special meeting of stockholders held by Achillion. The closing of the Merger remains subject to the satisfaction or waiver of other customary closing conditions. The Merger is expected to be consummated as soon as practicable.

 


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Replies
Msg # Subject Author Recs Date Posted
29416 Re: Shout out Bio Jim ACHN - 8k today, maybe opens the door to competing bids? (Edit) Biotech_Jim 2 1/25/2020 6:51:14 PM
29417 Re: Shout out Bio Jim ACHN - 8k today, maybe opens the door to competing bids? (Edit) Biotech_Jim 1 1/26/2020 9:33:40 AM






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