m_and_a
confidence high
sentiment neutral
materiality 1.00
Y-mAbs acquired by Perseus BidCo US; tender offer completed at $8.60/share, ~$413M total
Y-mAbs Therapeutics, Inc.
- Approximately 39.8M shares (~87.22%) tendered; Purchaser accepted all validly tendered shares.
- Merger closed Sep 16; each outstanding share (except excluded) converted to $8.60 cash.
- Aggregate consideration ~$413M funded via cash on hand and short-term financing.
- Shares to be delisted from Nasdaq; company will file Form 15 to suspend reporting obligations.
- All prior directors and officers resigned; new board and officers appointed (Vanessa Wolfeler, Robert Duffield, Daniel Dolan).
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