m_and_a
confidence high
sentiment neutral
materiality 0.95
Novartis closes tender offer for Regulus; holders get $7.00 cash plus $7.00 CVR
Regulus Therapeutics Inc.
- Tender offer expired June 24 with 74.49% shares tendered; merger completed June 25.
- Shareholders receive $7.00 cash per share plus a CVR that could pay $7.00 if U.S. regulatory approval for ADPKD achieved.
- Regulus stock will be delisted from Nasdaq effective June 25.
- All prior directors and officers removed; replaced by Novartis appointees John McKenna and Eduard Marti.
- Charter and bylaws amended and restated; company becomes Novartis subsidiary.
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