Avid Bioservices to be Acquired by GHO Capital Partners and Ampersand Capital Partners in $1.1 Billion Transaction [Yahoo! Finance]
Avid Bioservices, Inc. (CDMO)
Last avid bioservices, inc. earnings: 3/10 04:05 pm
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Source: Yahoo! Finance
biologics contract development and manufacturing organization (“CDMO”) working to improve patient lives by providing high quality development and manufacturing services to biotechnology and pharmaceutical companies, GHO Capital Partners LLP ("GHO") and Ampersand Capital Partners (“Ampersand”) today announced they have entered into a definitive merger agreement for Avid to be acquired by funds managed by GHO and Ampersand in an all-cash transaction valued at approximately $1.1 billion. Under the terms of the merger agreement, GHO and Ampersand would acquire all the outstanding shares held by Avid's stockholders for $12.50 per share in cash. The per share purchase price represents a 13.8% premium to Avid's closing share price of $10.98 on November 6, 2024, the last full trading day prior to the transaction announcement, and a 21.9% premium to the Company's 20-day volume-weighted average share price for the period ended November 6, 2024. This transaction equates to an enterprise value
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CDMO
News
- Avid Bioservices, Inc. (CDMO): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Punch and Associates sends letter to Board of Directors of Avid Bioservices, Inc. [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CDMO, ROIC, ALVR, VINE on Behalf of ShareholdersAccesswire
- Avid Bioservices, Inc. (NASDAQ: CDMO) was downgraded by analysts at Craig Hallum from a "strong-buy" rating to a "hold" rating.MarketBeat
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CDMO, ALVR, VINE, ROIC on Behalf of ShareholdersAccesswire
CDMO
Earnings
- 9/9/24 - Miss
CDMO
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K
- CDMO's page on the SEC website