m_and_a
confidence high
sentiment neutral
materiality 0.90
HilleVax to be acquired by XOMA Royalty for $1.95 per share plus contingent value right
HilleVax, Inc.
- XOMA Royalty to acquire HilleVax in cash tender offer at $1.95 per share plus one CVR per share.
- HilleVax Board unanimously approved the merger, recommending stockholders tender shares.
- Support agreements cover ~22.9% of outstanding HilleVax shares, with stockholders agreeing to tender.
- HilleVax terminated its license agreement with Takeda Vaccines, effective six months after notice.
- Minimum cash condition: HilleVax must have at least $102.95 million net cash at closing.
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