M&A
confidence high
sentiment positive
materiality 1.00
Deciphera to be acquired by Ono Pharmaceutical for $25.60/share in cash, ~$2.4B equity value
Deciphera Pharmaceuticals, Inc.
- Offer price $25.60/share cash, 74.7% premium over April 26 close of $14.65.
- Tender offer for all shares; expected close Q3 2024, subject to antitrust and majority tender.
- Stockholders owning ~28% of shares have agreed to tender in support agreements.
- Deciphera will not host Q1 2024 earnings call; Form 10-Q to be filed in ordinary course.
- Boards of both companies unanimously approved; Deciphera to operate as standalone Ono unit.