m_and_a
confidence high
sentiment neutral
materiality 0.85
Kronos Bio acquired by Concentra Biosciences for $0.57/share plus CVR; delisting effective
Kronos Bio, Inc.
- Tender offer closed June 18 with 44.5M shares (72.9% outstanding) tendered; merger completed June 20.
- Shareholders receive $0.57 cash per share plus one non-transferable contingent value right (CVR) per share.
- All conditions to tender offer and merger satisfied; shares to be delisted from Nasdaq and deregistered.
- Board of directors resigned; new directors and officers from Concentra Merger Sub appointed (CEO Kevin Tang).
- Company became wholly owned subsidiary of Concentra Biosciences; articles and bylaws amended.
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