Singular Genomics jumps after Tang's Concentra offers $12 a share [Seeking Alpha]
Singular Genomics Systems, Inc. (OMIC)
Company Research
Source: Seeking Alpha
Tang Capital Partners, which disclosed a 14.9% stake in Singular Genomics ( OMIC ), said it made a non-binding proposal to acquire Singular for $12 a share on Wednesday, according a 13D filing. Kevin Tang is CEO of Concentra Biosciences. We are prepared to offer $12.00 per share in cash to acquire 100% of the Common Shares," Tang wrote in a letter to Singular's board. "This per share price is a 112% premium to the closing stock price of $5.65 on September 12, 2024." Tang said the deal would be fully financed by Tang Capital and not be subject to any financing condition. The Tang offer comes after Singular ( OMIC ) said on Thursday it has received a non-binding proposal from Deerfield Management Company, to acquire all of its outstanding shares for $10 per share in cash. Singular Genomics ( OMIC ) shares are trading at ~$18.54 on Thursday, well above the two offers. Singular has a market cap of $32 million. Recommended For You More Trending News Recommended For You Mor
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- Singular Genomics Announces Closing of Acquisition by Deerfield Management [Yahoo! Finance]Yahoo! Finance
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- $HAREHOLDER ALERT: The M&A Class Action Firm Encourages Stockholders of OMIC, BERY, WMPN, ALVR to Act NowGlobeNewswire
OMIC
Sec Filings
- 2/24/25 - Form EFFECT
- 2/21/25 - Form 25-NSE
- 2/21/25 - Form S-8
- OMIC's page on the SEC website