m_and_a
confidence high
sentiment positive
materiality 1.00
Sanofi to acquire Vigil Neuroscience for $8.00/sh plus $2.00 CVR per share
Vigil Neuroscience, Inc.
- Sanofi to pay $8.00/sh cash plus $2.00 CVR per share, contingent on first commercial sale of VG-3927 by Dec 31, 2035.
- Vigil to return VGL101 to Amgen; deal conditioned on stockholder vote, HSR clearance, and no material adverse effect.
- Supporting stockholders with ~16.2% voting power have agreed to vote for merger; board unanimously recommends.
- Termination fees: $22.2M from Vigil for superior offer, $31.1M from Sanofi if antitrust clearance fails.
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