litigation
confidence high
sentiment positive
materiality 0.60
Precigen wins arbitration, to acquire membership interests for $7M
PRECIGEN, INC.
- Arbitration panel adopted Precigen's proposed terms for disputes with investors in Intrexon Energy Partners entities.
- Precigen to acquire investors' membership interests for approx. $7 million in cash.
- Panel was required to choose one of two proposals without compromise; chose Precigen's.
- Ruling resolves previously disclosed pending arbitration matter.