M&A
confidence high
sentiment neutral
materiality 0.85
Tempus AI to acquire Ambry Genetics for $375M cash plus ~4.84M shares
Tempus AI, Inc.
- Acquisition of Ambry Genetics (genetic testing) for $375M cash + 4,843,136 TEM shares valued at ~$46.46/share avg VWAP.
- Debt financing from Ares: $200M term loan + $100M revolving credit facility to fund cash consideration and fees.
- Expected close in Q1 2025 subject to HSR clearance and other customary conditions.
- Seller (Konica Minolta's REALM IDx) provides limited indemnity; Tempus obtained buyside R&W insurance policy.
- Lock-up on 2,152,505 shares of stock consideration for one year; registration rights granted for stock consideration.