m_and_a
confidence high
sentiment neutral
materiality 1.00
Sanofi closes $9.1B acquisition of Blueprint Medicines; shares delisted
Blueprint Medicines Corp
- Purchaser accepted 45,991,262 shares (70.9% of outstanding) at $129/share cash plus one CVR per share.
- Aggregate consideration ~$9.1B in cash plus CVRs with potential up to $6/share contingent on milestones.
- All directors resigned; Michael J. Tolpa became sole director; Blueprint now indirect Sanofi subsidiary.
- Shares no longer listed on Nasdaq; company will file Form 15 to suspend SEC reporting obligations.
- Previously disclosed stockholder litigation (Taylor action) resolved with $150,000 mootness fee; case closed.
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