M&A
confidence high
sentiment neutral
materiality 0.90
Personalis to be acquired by Tempus AI; $16.25 per share cash or stock election
Personalis, Inc.
- Each Personalis share converts to $16.25 cash (if Tempus elects cash for up to 50% of shares) or Tempus shares based on exchange ratio (floor 0.3356, or $16.25/Tempus VWAP if above $48.42).
- Merck, holding ~13% of Personalis, enters voting agreement to support the merger.
- Termination fee of ~$76.8 million payable by either party under specified conditions.
- Closing conditions include stockholder approval, HSR clearance, and tax opinion.
- Transaction expected to close by April 20, 2027, with possible extensions.