M&A
confidence high
sentiment positive
materiality 1.00
TherapeuticsMD to be acquired by EW Healthcare Partners for $10.00/share in all-cash deal
TherapeuticsMD, Inc.
- Offer price of $10.00 per share represents 367.3% premium over May 27 closing price.
- Total enterprise value approx. $177 million; tender offer to commence by June 6, 2022.
- Board unanimously approved; no stockholder vote required under Nevada law.
- Financing: $93M equity commitment from EW; Sixth Street debt amended with interest pause and maturity extended to July 13, 2022.
- If merger fails to close by July 13, 2022, events of default under financing agreement could impact going concern.