M&A
confidence high
sentiment positive
materiality 0.90
Ginkgo to acquire Zymergen for ~$300M all-stock; Zymergen holders get 0.9179 DNA shares
Ginkgo Bioworks Holdings, Inc.
- Deal valued at ~$300M market cap; fixed exchange ratio of 0.9179 Ginkgo shares per Zymergen share.
- Zymergen stockholders will own 5.25% of pro forma combined company after transaction close.
- Voting agreements from holders of ~40% of Zymergen shares to vote in favor of the merger.
- Integration expected to accelerate Ginkgo's platform; Zymergen to evaluate strategic alternatives for Advanced Materials and Drug Discovery.
- Transaction subject to regulatory approvals, Zymergen stockholder vote, and other conditions; expected close by Jan 24, 2023 with extension options.