XBiotech +39% on tender offer to purchase $420M shares

XBiotech (XBIT +38.5%) has commenced a “modified Dutch auction” tender offer to purchase up to $420M of its common shares, at a price between $30 and $33 per share.

The Offer will expire at 5:00 p.m., New York time, on February 12, 2020, unless extended.

https://seekingalpha.com/news/3531695-xbiotechplus-39-on-tender-offer-to-purchase-420m-shares