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Friday, August 28, 2020

Sanofi to launch tender offer for Principia buyout

Sanofi (NASDAQ:SNY) intends to commence a tender offer to acquire all of the outstanding common shares of Principia Biopharma for $100/share in cash, representing equity value of ~$3.68B.

The offer is scheduled to expire on September 25.

The company agreed to buy Principia Bio earlier in August.


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